chfa enews
chfa enews
November/December 2017
In this issue:

help preserve private activity bonds



As Congress works on tax reform legislation, tax-exempt Private Activity Bonds (PAB) and Mortgage Credit Certificates (MCCs) remain at risk of elimination. The House tax bill proposes elimination of these programs, while the Senate bill does not, and currently differences between the bills are being reconciled.

The elimination of PAB would have a devastating impact on affordable housing in Colorado by eradicating the 4 percent Low Income Housing Tax Credit (LIHTC) program, which doesn’t work without PAB. PAB and 4 percent LIHTC support 55 percent of the total affordable rental unit inventory in Colorado, and also supports infrastructure and economic development activities throughout the State.

As partners working to strengthen affordable housing in Colorado, CHFA encourages you to immediately contact the Colorado Congressional delegation and ask them to communicate to House and Senate leadership the need to maintain tax-exempt Private Activity Housing Bonds in the final tax reform bill.

Click here for the delegation list and more information.


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“like it forward” to comfort children in need



Like It Forward is CHFA’s annual social media giving campaign to benefit nonprofit organizations in Colorado. Like It Forward 2017 benefits Sweet Dream in a Bag, a 501(c)3 nonprofit that provides new bedding to children who are transitioning from shelters to temporary housing.

Now through December 17, CHFA is posting information, photos, and videos related to Sweet Dream in a Bag on its Facebook, Twitter, Instagram, and YouTube pages. “Like” a post, and CHFA will donate $1 to Sweet Dream in a Bag. Share a post, and CHFA will donate $5.

Did You Know?

There are children who have never had a new comforter, pillow, or sheets to call their own. They live in difficult circumstances they didn’t choose to be in, and getting to choose their own new bedding empowers them, giving them comfort and a more stable, secure place of their own to sleep each night.

In Colorado:
  • More than 180,000 children live in poverty.*
  • Nearly 24,000 youth are homeless.**
  • One out of three children live in a household that is housing cost-burdened, paying more than 30 percent of their income on housing expenses.*
Your participation in our Like It Forward campaign this year will help children in challenging living situations find comfort in their very own bedding.

*Source: U.S. Census Bureau 2011-2015 American Community Survey
**Source: Colorado Department of Education, 2015-2016 school year


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customers celebrate development milestones

del corazon:

Del Corazon celebrated its grand opening on November 8. The property is a 197-unit affordable rental housing development serving individuals and families in the heart of Denver’s Westwood neighborhood.

CHFA was proud to support the Del Corazon development by awarding $1,305,457 in federal 4 percent Low Income Housing Tax Credits (LIHTC) and $511,567 in state LIHTC in 2015. Deputy Executive Director and COO, Jaime Gomez, spoke on behalf of CHFA at the grand opening.

collegiate commons:

On November 13, Collegiate Commons Apartments broke ground in Buena Vista. Collegiate Commons will provide 48 units of affordable rental housing for families and the workforce of Buena Vista. Demand for affordable housing has grown in Chaffee County due to their growing and diversified economy, resulting in an increase in year-round, service sector jobs. CHFA was proud to support the development by awarding $1,010,769 in federal Low Income Housing Tax Credits in 2016.

Pictured: Del Corazon. Photo courtesy of Denver Office of Economic Development.


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chfa supports partners around the state



CHFA was proud to sponsor and participate in several events hosted by our partners around the state and nationally, including:
  • Colorado Cooperation Conference, Pueblo
  • LiveWell Colorado HEAL Summit, Denver
  • Colorado Counties Inc. Foundation Winter Conference, Colorado Springs
  • CDFA National Development Finance Summit, Atlanta, Georgia
  • LGBTQ Chamber of Commerce and Outfront Magazine Unity Power Gala, Denver
  • Home Builders Foundation of Metro Denver Annual Luncheon, Littleton
  • Habitat for Humanity 25th Anniversary Gala, Denver
  • Latino Community Foundation Forum, Denver
  • City of Golden Housing Resource Fair, Golden
Pictured: CHFA staff and others at Unity Power Gala, November 11, 2017


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staff volunteer at hope house



Four CHFA staff members, Carmen Guevara, Silvina Sansot, Deborah Lee, and Stephanie Hammond (pictured left to right) recently volunteered with Hope House of Colorado. As metro Denver’s only resource providing free self-sufficiency programs to parenting teen moms, Hope House offers housing, and educational and career support.

The CHFA volunteer group worked at the location of Hope House’s residential program—a 5,500 square-foot residential property that provides safe housing for up to six teen moms and their children. The group spent the day cleaning the home, inside and out!


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upcoming events

CHFA is participating in the following upcoming events:

December 17
Jack and Jill of America, Inc. Denver Chapter Beautillion

December 19
Eaton Street Apartments Groundbreaking, Westminster

January 12
MLK Business Awards



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Want to know more about CHFA? Visit www.chfainfo.com.

questions?

Jerilynn Martinez
Director, Marketing and Community Relations
jmartinez@chfainfo.com or 303.297.7427


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