Milroy Alexander, executive director of the Colorado Housing and Finance Authority (CHFA), announced his retirement, effective in November.

He joined CHFA in 1988 to lead the finance division and then assumed the top post in 2001. Under his leadership, the agency has more than doubled its asset base. The agency allocates low-income housing tax credits and provides other key financing for housing in the state.

Alexander has also served on the boards of the National Council of State Housing Agencies, Housing Colorado, and the Denver Metro Chamber of Commerce.

Knowing of Alexander’s intent for some time, the CHFA board of directors has been preparing for a transition, said officials. A search committee has begun looking for a replacement.

Alexander said he is not heading off to a retirement community. “Several years ago, I determined I needed to slow down and reduce the stress level in my life. But I still plan to be active,” he said in a statement.