to Community Housing Partners (CHP)
Community Housing Partners is requesting quotes and qualifications for legal firms to structure and negotiate the financing deal for the Eagle Meadow Homes Tax Credit Syndication of federal 4% LIHTCs and Colorado State Tax Credits.
This RFQ is available as of June 16, 2022 with the PDF below. Please send inquiries and submittals to Signy Mikita: firstname.lastname@example.org.
Inquiries by June 21, 2022 at 5 pm MST
Submittals by June 30, 2022 at 5 pm MST
The Colorado Housing and Finance Authority (CHFA) awarded Community Housing Partners State Affordable Housing Tax Credits to build our planned Eagle Meadow Homes. The State Tax Credits, combined with federal low-income housing tax credits (LIHTCs), will provide over half of the equity needed to construct the $32 million housing development.
Eagle Meadow Homes (EMH) Phase 1 will have 93 units at 14875 E. 2nd Avenue in Aurora, east of Sable Avenue and northwest of Aurora City Center. The 93 units will be in two buildings, as part of the first phase of the planned 162-unit development on 4.82 acres. The units will serve families earning between 30 to 60% of the area median income (AMI), with 26% of units at 30%- 40% AMI, over half at 50% AMI and the remainder at 60% AMI.
CHP designed Eagle Meadow Homes recognizing the need for service-enriched housing with set-aside units for formerly homeless families, including families living in motels or doubled up. The units will be set-aside during lease-up for homeless families in the Aurora@Home Rapid Rehousing Program (RRH), which provides rental assistance and case management.
Construction is anticipated to start in February of 2023.
Peace with Christ Lutheran Church
provided colorful Easter baskets this year to
the children at Townhomes at Tollgate
Creek. PWCLC has been generously helping
the Tollgate residents with their food bank
throughout the year, and special gifts and
food for holidays.
CHP deeply appreciates PWCLC and
wishes John Paulus the best in retirement.
CHP values its partnerships with the
community and with individuals. We have
an Emergency Small Balance Fund that
provides grants and loans up to $750
to assist with urgent rent, utility, food,
health and other needs.
You can donate anytime at Colorado Gives:
Community Housing Partners
Serving Aurora Family Members...
Community Housing Partners serves low and moderate income families, many of whom were homeless or at risk of becoming homeless, by developing affordable rental housing, and offering rapid rehousing and supportive services.
Where it all began...
The Aurora Housing Corporation (AHC) was founded in 1985 as a 501(c)3 organization so it could access Federal dollars for the ongoing operation of its properties. This ability allowed AHC to keep its rents at an affordable level. For these past 32 years, it has been able to make this vision a reality. Until 2013, AHC was a sister organization to the Aurora Housing Authority and as such it purchased and built several developments through this partnership.
Who are we today…
In 2013, AHC changed its name to Community Housing Partners and separated from Aurora Housing Authority.
As a stand-alone agency, CHP continues as a non-profit and has the same mission of ensuring safe affordable housing. As the City of Aurora grows as a business and healthcare center, the housing needs in the area are changing. CHP sees the need to keep an affordability level so that the lowest income and work force (moderate income) families are able to live and work there.
Who lives with us?
CHP houses many families who are in need of affordable rents due to a myriad of life circumstance. Some are refugees from various Asian and African nations. Others have been homeless due to recent circumstances such as the death of a spouse or leaving a domestic violence situation. Some have histories of being homeless with many internal barriers. Others earn low wages that don't support the market rate rents - during the summer of 2017, the average metro rent was $1,420!
What is the issue for poor families?
HUD maintains that people should not have to spend more than 30% of their earnings on housing. So what does that mean to a family of 4? If a single head of a household with 3 children earns $10 an hour working full time, their gross income is $20,800 a year, and they gross $1,733 monthly (net around $1,250). Can they afford to pay market rent for a 2 or 3 bedroom at $1,300 to 1,800 a month? Probably not. This forces them to use the bulk of their earnings just on rent. What about food.... clothing.... school supplies.... etc?