CRELA Hosts Speaker Series

April 20, 2006

Yesterday, the Construction and Real Estate Law Association had its final event for the 2005-2006 speaker series by inviting Roy Alexander, the Executive Director and CEO of Colorado Housing and Finance Authority (CHFA), to speak at the Law School. Mr. Alexander spoke about the role that CHFA plays in Colorado housing and business communities and the vision that his organization has for Colorado.  There was a Q&A session following the presentation.   The CHFA team works together throughout Colorado to:--  Increase the availability of affordable, decent, and accessible housing for lower income Coloradans--  Strengthen the state's economy by providing financial assistance to businessesCHFA was created in 1973 by the Colorado Legislature to address the shortage of affordable housing in the state. Since then, CHFA has established itself as the front-runner in the affordable housing industry by financing single family mortgages for qualifying homebuyers and supporting developments of apartments for low and moderate income residents. In 1982, when Colorado had economic difficulties, CHFA began making loans to small and medium sized businesses. CHFA is a responsible advocate of affordable housing and small business issues for the Colorado community. Since 1973, CHFA's financing has served every county in Colorado by:Financing more than 57,000 mortgages to homebuyersHelping sustain and support more than 26,400 jobsFinancing more than 45,000 residential rental unitsAllocating tax credits for 30,000 residential rental unitsMore information on CHFA can be found at http://www.colohfa.org/