In 2019, the City of Greeley assigned $5,586,840 in PAB volume cap to CHFA (Colorado Housing and Finance Authority).  

CHFA’s assignment in turn, was leveraged 3.4:1 ($19,036,067/$5,586,840) to support homeownership in Greeley. That means CHFA’s single-family tax-exempt first-lien loan production in Greeley was $19,036,067, which supported 70 households. The total leveraged amount includes the amount of Greeley’s allocation plus what CHFA added in order to fund the first lien loan amounts in Greeley.

CHFA’s FirstStep programs for first-time homebuyers totaled $806,593, and 69 of the 70 households also received this down payment assistance. The median income of households served was $69,528.  

While the impact was felt in neighborhoods throughout the city, 70% of these purchases were located east of 35th Avenue, as indicated in the map below.