Broomfield Taps CHAC to Administer $1 Million Down Payment Program

The City and County of Broomfield proposes to contract with Colorado Housing Assistance Corporation (CHAC) for administration of its Down Payment Assistance Program in 2024, utilizing $1 million to provide deferred loans to approximately 25 moderate-income households. This program targets residents earning up to 100% of Area Median Income to help overcome down payment hurdles when purchasing homes.

Scope & details

The full contract record, as filed.

Contract amount

$1,000,000 (2024)

Contract type

FINANCIAL_SERVICES

Contract term

2024 (with annual review for continuation)

Renewal date

2024-12-31

Renewal

Program subject to annual appropriation review; additional funds may be considered for future years and program expansion.

Document type

Report

Source document

City of Broomfield City Council Study Session Report Jan 2024

Related contracts

Other contracts from Colorado Housing Assistance Corporation.

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Colorado Department of Local Affairs State Housing Board Meeting Agenda Packet 2026-06-09

APPROVED

Division of Housing, Colorado$275,000Jun 9, 2026

City of Broomfield Council Meeting Agenda May 2024

AMENDED

Broomfield County, Colorado$75,000 in 2024 administrative fees; $75,000 in 2025 administrative feesMay 14, 2024

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Broomfield County?

Colorado Housing Assistance Corporation was awarded this financial services contract by Broomfield County, as recorded on January 16, 2024. The contract value is $1,000,000 (2024).

How much is the Colorado Housing Assistance Corporation contract with Broomfield County worth?

The Colorado Housing Assistance Corporation contract with Broomfield County is valued at $1,000,000 (2024), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a report record.

Where was this contract approved?

This contract appears in City of Broomfield City Council Study Session Report Jan 2024 (Report), dated January 16, 2024 from Broomfield County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Colorado Housing Assistance Corporation hold?

Colorado Housing Assistance Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Colorado Housing Assistance Corporation's profile

What is Broomfield County currently buying?

Explore Broomfield County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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