The Colorado Housing and Finance Authority (CHFA) is a state agency established in 1973 by the Colorado General Assembly to address the shortage of affordable housing in Colorado[1][3]. CHFA's mission is to strengthen Colorado by investing in affordable housing and community development[1][3]. ### Key Activities and Programs - Affordable Housing: CHFA offers loans and tax credits to develop new and renovate existing affordable housing units across Colorado[2]. They have supported the development or preservation of over 82,597 affordable rental housing units[3]. - Homeownership: CHFA helps Colorado homebuyers achieve homeownership through various loan programs and has assisted over 153,043 homebuyers[3]. - Business Lending: CHFA provides financial assistance to businesses, supporting over 8,945 businesses and creating jobs[3]. - Education and Support: CHFA offers professional education classes and technical assistance to help customers and partners succeed[1]. ### Financial Impact CHFA has invested more than $35.3 billion into Colorado's economy, contributing significantly to the state's economic growth and development[3]. Their network of participating lenders and community partners plays a crucial role in deploying these resources statewide[5]. ### Recent Developments - Capital Magnet Fund Grant: CHFA received a $4.5 million grant from the U.S. Department of the Treasury to support affordable multifamily rental housing[3]. - Proposition 123 Equity Program: CHFA is involved in the preliminary selection of recipients for this program, aimed at supporting affordable housing initiatives[3].