Colorado Housing and Finance Authority

CHFA's entire organization is focused on helping people and businesses succeed. We’ve seen the positive effects of homeownership and business expansion reverberate throughout communities.

CHFA Mortgage Credit Certificate

The CHFA Mortgage Credit Certificate (MCC) program will help you save money each year that you live in your home! With the MCC program you can claim up to 20 percent of your paid mortgage interest each year as a tax credit on your federal IRS tax returns. The remaining 80 percent is still eligible for the home mortgage interest deduction.

Every year, you may claim a dollar-for-dollar reduction of income tax liability on 20 percent of the mortgage interest on your first mortgage, reducing the amount of federal taxes owed.

CHFA FirstStep and CHFA FirstStep Plus

The CHFA FirstStep and CHFA FirstStep Plus statewide Mortgage Loan programs are available to first time homebuyers and eligible veterans. These programs offer affordable interest rates and a 30 year term. CHFA FirstStep Plus includes a 30 year fixed rate second mortgage loan to assist with down payment and/or closing costs.

Borrowers must meet income and purchase price limits, as well as complete a CHFA approved first time homebuyer education class. CHFA FirstStep and CHFA FirstStep Plus loans may be subject to the (CHFA reimbursable) IRS Recapture Tax and may not be used in conjunction with the Mortgage Credit Certificate (MCC) program.

CHFA HomeOpener and CHFA HomeOpener Plus

CHFA HomeOpener and CHFA HomeOpener Plus are statewide first mortgage programs available to homebuyers. There are no purchase price limits or first time homebuyer requirements, and mortgage loans originated in these programs are not subject to the Recapture Tax provision.

The CHFA HomeOpener Plus program includes the CHFA Second Mortgage Loan to assist with down payment and/or closing costs for a single family property. The programs offers market interest rates.




Featured Government Grant Resources


Rehabilitation Mortgage Insurance Program

The Rehabilitation Mortgage Insurance Program intends to financially assist families as they repair or improve, purchase and improve, or refinance and improve their current residential properties that have been existent for more than a year.







Connecticut Housing Finance Agency Mortgage Programs for Military, Police and Teachers

The Connecticut Housing Finance Agency has established the Mortgage Programs for Military, Police and Teachers so as to provide reasonable housing opportunities to veterans and active duty service members of the United States Military, the National Guard, along with teachers and police officers who are assigned in under-served areas.



Social Entrepreneurship
Spotlight



5 P’s of Social Entrepreneurship


Monika Mitchell, founder of Good Business New York, asks, Do You Have What it Takes to Be a Social Entrepreneur? She lists down the five P’s essential in every entrepreneur: Passion. Purpose. Plan. Partner. Profit. 





Not Ready to Buy Yet?

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Need Repairs for a Home You're Buying?

Find Out About Rehabilitation Money Available







More Federal Domestic Assistance Programs


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