The Colorado Housing and Finance Authority (CHFA) has identified four priorities for its low-income housing tax credit (LIHTC) program this year. They are:
- Projects serving homeless persons;
- Projects serving persons with specials needs:
- Projects in counties with populations of less than 175,000; and
- Projects in counties impacted by a natural disaster. This priority has been modified to state that projects that use 4% credits with state credits and Community Development Block Grant—Disaster Recovery funds in Boulder, Larimer, and Weld counties will be given the highest priority
CHFA will have $13 million in federal 9% credits and $5 million in state credits this year.
The application fee has increased from $3,000 to $5,000, according to a summary of changes.
The 2015 qualified allocation plan was approved by Gov. John Hickenlooper in January.