Colorado Housing and Finance Authority

This document, the 2025 Housing Tax Credit QAP Guiding Principles and Priorities Scorecard, details how developments align with CHFA's Qualified Allocation Plan to advance Colorado's housing needs and foster economic mobility for residents and their communities. Key principles and priorities evaluated include serving the lowest-income tenants for the longest time, prioritizing projects in Qualified Census Tracts, ensuring statewide distribution of Housing Tax Credits, supporting diverse qualified sponsors, assisting various populations (e.g., households with children, seniors, persons experiencing homelessness, special populations), promoting proximity to public transportation and job centers, maximizing housing density, adhering to advanced energy performance standards (including All-electric or Electrification-ready construction), and supporting both new construction and preservation of affordable housing. The overarching goal is to create opportunities for housing stability and economic prosperity across Colorado by judiciously allocating housing tax credits to create or preserve as many affordable units as possible.

The agenda includes the acceptance of 2025 financial results and the external audit report. Action items include the approval of a drive-it-home loan for a housing project, the issuance and sale of refunding obligations for the Sable Station, updates to the identity theft red flag program, and amendments to bylaws and committee charters. Additionally, the board will conduct elections and appointments of officers. Discussion topics feature legislative updates, the standards of conduct report, speak-up and signature authority policies, the housing tax credit scorecard, liquidity, loan production and portfolio status, and financial reporting.

The board meeting agenda included a call to order with roll call, chair comments, public attendees notification, and the Executive Director's update. Key action items involved the amendment and restatement approval of a Construction to Permanent Loan for Sapling Grove (formerly Jewell Apartments), the final resolution authorizing the issuance and sale of Multifamily Project Class I Bonds 2023 Series BC for Sapling Grove, and the approval of a modification to the 2023 Strategic Plan Key Performance Indicator. Updates and discussions covered Proposition 123 and legislative matters. Financial reporting included loan production and portfolio metrics, as well as April 2023 financial statements and the Q1 Secondary Marketing Report.

The board meeting agenda included several reports from the Audit Committee and Finance Committee. Key action items involved the approval of resolutions for the issuance and sale of Multi-family Project Class I and Class III Bonds for Denver Dry Preservation (Res. 2025-05-1), the approval of a PAIRABLE Loan for Vina Senior Apartments (Res. 2025-05-2), and the approval of a Construction to Permanent MIAP Loan for Black Canyon Flats (Res. 2025-05-3). Discussion items covered a Legislative Update, a Multifamily Loan Program Overview, and a review of the Comprehensive Compliance Management Plan. The meeting also included sections for loan production and portfolio review, and financial reports such as the April Financial Statements and Q1 Secondary Marketing Report.

The board meeting agenda included several key components. The meeting was scheduled to begin with a roll call, chair comments, and an executive director's update. Reports were expected from the Audit Committee and the Finance Committee. Action items slated for approval included authorizing borrowings from the Federal Home Loan Bank (Res. 2024-04-1), a final resolution authorizing the issuance and sale of Multifamily Project Class I Bonds Series AB for Residences at Willow Park (Res. 2024-04-2), and finalizing resolutions for Conduit Multifamily Housing Revenue Obligations for RidgeGate Senior Apartments (Res. 2024-04-3), as well as the approval of a Construction and Permanent CAPABLE Loan for Overlook @ Uplands Apartments (Res. 2024-04-4). Discussion items covered legislative updates, Community Resource Managers updates, the Annual Report on Standards of Conduct, the 1Q KPI Update, and Fall River Village. Financial sections included review of loan production, portfolio metrics, delegated loan approvals, and delinquency summaries, along with 1Q Financial Statements and investment reports.