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CHFA Study Indicates Denver Rental Market is Turning Around Slowly

Thursday, March 24, 2005 - 7:30AM

The Denver rental market is turning around slowly, but production of new affordable units in the downtown Denver market should be limited until 2007, according to a study recently commissioned by the Colorado Housing and Finance Authority (CHFA). The study was commissioned to assess the current condition of, and provide an outlook for, the downtown Denver rental housing market as CHFA considers loan and low-income housing tax credit (LIHTC) applications. While the report recommends cutting back on production, it says the outlook for the Denver-Boulder metro area does not imply a complete halt to apartment building. The report gives detailed analysis of the area's submarkets, incomes of potential renters and other relevant data.

The deadline for the next round of LIHTC allocation applications in Colorado is June 1.

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