Low Income Housing Tax Credits & Opportunity Housing in Colorado, 2019

The Colorado Housing Finance Agency’s 2019 Qualified Allocation Plan provides points for mixed income projects, and evaluates all projects on their proximity to amenites such as schools

Mixed-Income Projects – 10 points

Project that provides housing for mixed income (i.e., that have no more than

80 percent tax credit-eligible units) are eligible for an additional 10 points. This includes projects financed with private activity bonds. CHFA requires that subject to the Code’s “available unit rule” requirements, low-income setaside units be distributed proportionately throughout the bedroom/bath mix and type. Both market-rate and low-income units must have the same design regarding unit amenities and square footage. (See Section 3.A.15.)

 

Site Suitability - Sites will be evaluated on the following: proximity to schools, shopping, public transportation, medical services, parks/playgrounds; marketability; conformance with neighborhood character and land use patterns; site suitability regarding slope, noise (e.g., railroad tracks, freeways), environmental hazards, flood plain, or wetland issues. CHFA Allocation staff may contact local officials to get input on the support for the project.

 

Contributed By: 
National Housing Trust

Other Items of Interest