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Middle-income Housing Tax Credit
Authorized in House Bill 24-1316, CHFA introduced a pilot program, the Middle-income Housing Tax Credit (MIHTC). This new program will support the development of affordable rental housing serving residents with middle income, earning between 80% and 120% AMI and up to 140% in rural resort communities.
Details
Eligible home types: Multifamily rental homes
Eligible recipients: For-profit developers, nonprofit developers, housing authorities, government or quasi-governmental entities
Eligible uses: New construction of rental properties
Affordability requirements: 80% to 120% AMI and up to 120% AMI in rural resort communities; with statutory affordability term of 15 years
Geography funding is available to : Statewide
Maximum financial assistance per project:
Additional notes or requirements: Classification of urban, rural, and rural resort communities - https://docs.google.com/document/d/155FaNHQgrS_xqoaA-uDe7n_jQL4U3Wbm6ceHE-iA9JU/edit
Links to more information: https://www.chfainfo.com/rental-housing/housing-credit/colorado-state-affordable-housing-tax-credit
Transit-oriented Communities Tax Credit
Authorized in House Bill 24-1434, CHFA introduced a new state Housing Tax Credit, the Transit-oriented Communities (TOC) credit. This resource will support the development of affordable rental housing in transit areas and transit centers or neighborhood centers with a transit-oriented community.
Details
Eligible home types: Multifamily rental homes in transit areas
Eligible recipients: For-profit developers, nonprofit developers, housing authorities
Eligible uses: New construction of rental properties
Affordability requirements: 30% to 80% AMI with an affordability term of 15 years
Geography funding is available to : Defined transit areas and transit centers or neighborhood centers with a transit-oriented community
Maximum financial assistance per project:
Additional notes or requirements:
Links to more information: https://www.chfainfo.com/rental-housing/housing-credit/colorado-state-affordable-housing-tax-credit

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