The need to preserve multifamily rental housing across Colorado has been a consistent challenge. As the state housing finance agency with a mission to finance affordable housing, CHFA created the CAHP Fund to help preserve affordable housing statewide.

CAHP imagery of a green building and blue skyThe Colorado Affordable Housing Preservation Fund (CAHP) program provides reliable acquisition financing to help developers move quickly to compete with market buyers. This second mortgage product provides a more flexible structure and pairs with first mortgages from CHFA or other lenders to leverage maximum funding opportunities.

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Colorado Affordable Housing Preservation Fund (CAHP) Program Flyer

The program’s impact includes:

  • $5.2M CAHP provided $5.2 million to preserve affordable housing.

  • 6 Six projects and organizations were funded to allow ownership and permanent affordability.

  • 243 CAHP preserved 243 units as affordable.

  • 4 Four of the six projects were previously unrestricted, naturally occurring affordable housing.
As of September 2024

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