CHFA Issues $2.28M Construction Loan Term Sheet

CHFA issued a term sheet for a Drive It Home construction loan of up to $2.28 million at 3.5% interest over 36 months to support the Two Rivers Phase II affordable homeownership project in Salida. The interim financing will facilitate construction of eight community land trust homes developed by Chaffee Housing Trust.

Scope & details

The full contract record, as filed.

Contract amount

Up to $2,280,000 (construction loan)

Contract type

FINANCIAL_SERVICES

Contract term

36‑month term; interest rate 3.5%

Renewal

Initial construction loan term sheet for up to 36 months; no renewal or extension provisions described in the agenda material.

Document type

AgendaPacket

Source document

State Housing Board Meeting Agenda April 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Division of Housing?

CHFA was awarded this financial services contract by Division of Housing, as recorded on April 14, 2026. The contract value is Up to $2,280,000 (construction loan).

How much is the CHFA contract with Division of Housing worth?

The CHFA contract with Division of Housing is valued at Up to $2,280,000 (construction loan), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in State Housing Board Meeting Agenda April 2026 (AgendaPacket), dated April 14, 2026 from Division of Housing. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does CHFA hold?

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

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What is Division of Housing currently buying?

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