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Colorado HFA Names New Director of Commercial Lending

Colorado Housing and Finance Authority (CHFA) has promoted Steve Johnson to director of commercial lending. In his new role, Steve will lead CHFA’s multifamily lending, Low Income Housing Tax Credit (LIHTC) allocation, and small business lending teams. read more

State Agency Roundup

Tax Credit Advisor, December 2009:

Colorado Releases Draft2010 QAP      

The Colorado Housing and Finance Authority (CHFA) has released a draft 2010 qualified allocation plan (QAP) for its low-income housing tax credit program. The draft is subject to modification after consideration of comments from the Tax Credit Advisory Committee and the public, and is subject to review and approval by CHFA’s board of directors.

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State Briefs

Tax Credit Advisor, December 2009:

Colorado Publishes New LIHTC Green Building Criteria      

The Colorado Housing and Finance Authority has published its new Green Communities Criteria and Certification Form. Beginning in 2010, to be eligible for low-income housing tax credits from CHFA, a project must comply with all of the mandatory provisions of the Green Communities criteria.

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Kansas, Denver Projects Show How Stimulus Dollars Are Rescuing Deals

Tax Credit Advisor, November 2009: Two of the earliest closed transactions using federal stimulus act dollars illustrate how these subsidies are rescuing stalled new low-income housing tax credit (LIHTC) projects, and the tortuous paths taken by their developers to piece together all their financing.     

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New TCAP, Exchange Guidance; States Draw Down First Dollars

The federal government has issued new guidance and a policy change for two new programs designed to assist stalled low-income housing tax credit (LIHTC) projects, as the first dollars prepared to flow to developers from state housing credit agencies. read more