CHFA tax credits to finance 4 low-income housing projects in region
DENVER – Four projects in the Boulder Valley and Northern Colorado were among 12 around the state that received competitive low-income housing tax credits this week from the Colorado Housing Finance Authority.
CHFA received 26 applications for the 9% federal tax credits, and the 12 awards will help build a total of 605 new affordable housing units for individuals – including families, seniors and veterans – who don’t have stable housing. Developers sell the credits to investors to raise equity for the projects, thus lowering the debt the developer would have to borrow for the project and keeping the rents affordable.
One…
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