Colorado Housing and Finance Authority

Charity House Apartments, LLLP Service Plan

  “For the purpose of this budget, staffing for both Charity’s House and the Mental Health Center of Denver have been included. A 15-year budget has been developed, taking into consideration sources that are guaranteed (cash flow and developer’s fee/PSH 5% boost) but knowing that reimbursable costs to Medicaid will fluctuate based on clients’ engagement … [Read more…]

ORIX to Acquire One of the Largest U.S. LIHTC Fund Portfoliosthrough Agreement with Boston Capital

  “TOKYO, Japan – September 14, 2020 – ORIX Corporation (“ORIX”) announced today that Boston Financial Investment Management (“Boston Financial”), a wholly-owned subsidiary of ORIX Corporation USA (“OCU”), has entered into an agreement with Boston Capital (“Boston Capital”) to acquire Boston Capital’s low-income housing tax credit (“LIHTC”) fund portfolio. The closing of the transaction is … [Read more…]

Charity House Apartments, LLLP funding application to Colorado Housing Finance Authority

  Charity House Apartments, LLLP Service Plan PDF   Low Income Housing Tax Credit Narrative PDF   Resident Selection Plan PDF   Final Drawings submitted to Colorado Housing and Finance Authority for funding PDF   City Comments on Concept Review January 9, 2019 PDF   Charity House Ownership Structure PDF   Colorado Housing and Finance … [Read more…]

New exhibit highlights the explicitly racist policies of the past that still shape today’s Denver

  “The 1930s-era map on a gallery wall does not quite match up with A.D. Lewis’ own memories of Denver. He peers closely, his hand holding a pin hovering. Then he pushes the pin at a spot on the map where he once owned a house, and steps back. “This is like 40 years of … [Read more…]

low income housing tax credit program: compliance manual

  “The Low Income Housing Tax Credit Program Compliance Manual (“manual”) is a reference guide for compliance with the Land Use Restriction Agreement (LURA) and Section 42 of the Internal Revenue Code (the Code). It is designed to help answer questions regarding the procedures, rules, and regulations that govern LIHTC developments following allocation of tax … [Read more…]

Receiver appointed to oversee Sterling’s housing authority property

  “A property run by the housing authority in a small city in northeastern Colorado is now under the control of an executive with a Colorado Springs-based property management firm. A state judge on Wednesday appointed William J. Hybl, president and COO of Griffis/Blessing Inc., as a receiver overseeing an apartment complex run by Housing … [Read more…]

Developers Break Ground on Ambitious Denver Project

  “Construction has begun on a unique 130-unit development that brings together affordable housing for families, permanent supportive housing for formerly homeless individuals, and a shelter for women and transgender individuals in Denver. Arroyo Village is a joint development by nonprofit organizations Rocky Mountain Communities and The Delores Project, which combined two of their existing … [Read more…]

Affordable housing complex opens in Five Points

  “For Connally Cotton, bouncing around between friends’ houses had become an unsustainable way to live. He was looking at living on the street until he heard about some new affordable housing coming to Five Points. On Oct. 14, Cotton moved into his new studio apartment at 2300 Welton St. after hearing about the development … [Read more…]

Park Hill Tenants Council v. Colorado Housing and Finance Authority

  “88. The failure of the Owner and CHFA to abide by the express term of the Regulatory Agreement, renew the Section 8 contract for the term provided in the CHFA Regulatory Agreement, failure to obtain HUD approval before modifying the agreement and to limit the use and occupancy of the premises constitutes a breach … [Read more…]