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Those changes include the following, accordingt to a preliminary announcement released Tuesdayby CHFA: • A new-home finance product with competitivre interest rates and down-payment assistance for first-timw homebuyers as well as thosr who have purchased more than one home. CHFA has traineds several lenders across Colorado about thenew offering. CHFA has gone to market with itsfirst single-familu bond issue since June 2008. • First-time homebuyers using CHFA’s mortgage revenue bond lendinyg products are eligible forthe $8,00o federal tax credit provided by the 2009 federall stimulus package.
• The authority plans to roll out more changes in its lendingt related to housing and small business in the next few Basedin Denver, CHFA was created in 1973 by the Coloradoo Legislature to make affordable housinfg more available in the state. The authority has sincde become a major provider of financingfor single-familuy mortgages and financial support for the development of apartments for low- and moderate-incomde residents. CHFA also provides loanx to small businesses.
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