Concessionary Debt

The Concessionary Debt program provides loan options to for-profit, nonprofit, local governments and tribal government entities to support affordable housing investment, including:

  1. Multifamily Finance: Debt financing for the development and preservation of low- and middle-income multifamily rental developments
  2. LIHTC Gap Finance: Gap financing in the form of subordinate debt for Low Income Housing Tax Credit projects
  3. LIHTC Predevelopment Finance: Gap financing in the form of predevelopment loans for LIHTC projects

Modular and Factory-build Manufacturers

The fourth option is debt financing for modular and factory-build housing manufacturers and is not subject to AMI or Proposition 123 Local Government Affordable Housing Commitment requirements. Please visit the Innovative Housing Manufacturer Financing webpage to learn more.

Affordable Housing Commitment

To be eligible, affordable housing projects seeking support from the Affordable Housing Financing Fund must be located in a jurisdiction that has completed a Proposition 123 Local Government Affordable Housing Commitment with the Colorado Department of Local Affairs − Division of Housing. Click here to learn more on DOLA’s website. View jurisdictions that have filed 2023 Commitments.

Helpful Links

Contact

CHFA Community Development 

Terry Barnard 
Manager, Community Development Lending 
303-297-4866 

David Foust 
Commercial Loan Officer III  
303-297-4865  

[email protected]

If you have questions, contact CHFA Community Development at [email protected].

The wood frame structure of a multifamily building under construction.
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