chfa enews
chfa enews
July/August 2015
In this issue:

chfa’s 2014 community report available online

CHFA’s 2014 Community Report “Our Mission Our Compass, 40th Anniversary Edition” is now available on our website. The report highlights CHFA’s achievements in 2014 across all three lines of business, in addition to our community engagement efforts and programs celebrating CHFA’s 40th anniversary. Also featured as part of the 40th anniversary edition, is an in-depth timeline of CHFA milestones from the last 40 years.

irving halter and julie brewen join chfa’s board of directors

CHFA is pleased to welcome Irving “Irv” Halter, Jr., executive director of the Colorado Department of Local Affairs (DOLA), and Julie Brewen, CEO/executive director of the Fort Collins Housing Authority, as new members to CHFA’s Board of Directors.

Click here to learn more.

Pictured: Irv Halter

chfa announces round three low income housing tax credit awards

CHFA recently announced that it has completed the third and final Low Income Housing Tax Credit (LIHTC) allocation round of 2015.

In Round Three, 31 applications were received seeking nearly $28 million in housing credit. CHFA is awarding allocations to 14 developments, with a total amount of $12,942,141 in credit reserved. These 14 developments will support the new construction or preservation of 901 affordable rental housing units in total.

The following affordable housing developments were awarded LIHTC in Round Three.

40 West Residences, Lakewood
Brighton Village Phase II, Brighton
Burlington Manor Apartments, Burlington
The Foundry Apartments, Englewood
Hidden Lake Homes, Westminster
The Highlands, Grand Junction
Mariposa Phase VII, Denver
Oakshire Commons, Pueblo
Renaissance Downtown Lofts, Denver
The Reserves at Steamboat Springs, Steamboat Springs
St. Francis at Cathedral Square, Denver
Sanderson Apartments, Denver
Valley View Apartments, Woodland Park
Westminster Station, Westminster

Click here to learn more.

golfers raise $75,000 for mercy housing

CHFA’s David W. Herlinger Golf Tournament raised $75,000 for Mercy Housing Colorado on Tuesday, July 28, 2015. Funds will support Mercy Housing Colorado in their efforts to provide affordable, program-enriched housing to more than 2,000 low to moderate income Coloradans including families, seniors, veterans, and people with special needs. Approximately 80 golfers and 19 corporate sponsors participated in this year’s event.

Click here to learn more.

Pictured at right: Mercy Housing Colorado Executive Director, Jane Graf and CHFA Executive Director and CEO, Cris White

first two winners of chfa’s #grantyourself contest announced

Congratulations to Sean B. from Longmont and Jane Chrestensen from Parker. They have each been selected as monthly winners of CHFA’s #grantyourself Facebook contest. Each submitted a photo signifying the freedom they are granting themselves with homeownership. Both Sean and Jane received a $500 gift card.

CHFA’s #grantyourself contest promotes the CHFA DPA Grant, and continues through August 30 with one more chance for Coloradans to win a $500 gift card to Walmart, Target, IKEA, Home Depot, or Lowe’s. Contestants enter by uploading a photo to CHFA’s Facebook contest page showing what freedom they would grant themselves with homeownership.

Click here to learn more.

(Sean B. photo caption: “Hanging as many pictures with as many nails as I want.”)

breaking ground: affordable housing projects kick off

Pathways Village
"Pathways Village, celebrated its groundbreaking on July 30 in Grand Junction. The development will be a new 40-unit affordable rental housing community serving homeless individuals and families on the Western Slope. The project was awarded $785,116 in federal Low Income Housing Tax Credits from CHFA in 2014.

Pinewood Village II
The Town of Breckenridge celebrated the official groundbreaking and project kickoff of Pinewood Village II on June 23. Pinewood Village II will be a 45-unit community providing affordable rental workforce housing, which received a $399,308 Low Income Housing Tax Credit award from CHFA in 2014. The property is the second phase of Pinewood Village Apartments, built in 1997.

Hatler May Village
On June 18, Christian Church Homes celebrated the groundbreaking of Hatler May Village, an 77-unit affordable housing project serving seniors in Colorado Springs. Hatler May Village received a $1,228,589 Low Income Housing Tax Credit award allocated by CHFA in 2014.

Pictured at right: Pathways Village groundbreaking

cut the ribbon: developments celebrate completion

Odyssey Residences
On July 22, The Empowerment Program Inc. celebrated the grand opening of Odyssey Residences, a 36-unit affordable supportive housing community for the homeless, with a special focus on female veterans. Odyssey Residences received a $525,859 Low Income Housing Tax Credit award from CHFA in 2012, and is located in Denver’s Elyria neighborhood.

Village At Westerly Creek II
On June 30, the Aurora Housing Authority celebrated the grand opening of Village At Westerly Creek II, a 65-unit affordable rental housing development serving low income seniors. CHFA financed the property’s permanent loan, and awarded a $1,087,410 Low Income Housing Tax Credit award in 2013. Phase one received similar support from CHFA, and opened in 2012. Now with both phases complete, this development has transformed the lives of its residents and the surrounding community. It replaces the site’s former public housing property, Buckingham Gardens, built in the 1970s.

Village of Yorkshire
Adams County Housing Authority (ACHA) celebrated the rehabilitation completion of Village of Yorkshire Apartments on June 24. The 200-unit property serving low income families in Thornton, received a $734,826 Low Income Housing Tax Credit award from CHFA in 2013. ACHA purchased the property from CHFA in March 2012. CHFA owned the property for the prior 17 years.

Pictured at right: Cris White speaking at Village At Westerly Creek II grand opening

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Jerilynn Martinez
Marketing and Communications Manager or 303.297.7427


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