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Wolff Street Flats rendering courtesy of Osina Development.
Wolff Street Flats rendering courtesy of Osina Development.
CHFA closes first loan for affordable homeownership in Denver
ColoradoBiz Staff //June 12, 2026//
In Brief:
- CHFA closes first loan under affordable homeownership program
- Wolff Street Flats targets households earning 80% or less of AMI
- Legislation SB25-006 authorized $50 million in CHFA bond investments
- Construction expected from June 2026 to August 2027
DENVER — The Colorado Housing and Finance Authority has closed its first loan under a new affordable homeownership program created through legislation approved in 2025.
The financing will support Wolff Street Flats, a condominium development in Denver that will offer homes for households earning 80% or less of the Area Median Income. For a two-person household, that income level is approximately $89,000 annually. The estimated average sales price is $285,000.
The program was established through SB25-006, bipartisan legislation sponsored by state Sen. Dylan Roberts and state Reps. Manny Rutinel and Mary Bradfield. The law authorized the State Treasurer to invest $50 million in CHFA bonds at below-market rates to support construction loans and mortgage financing for low- and moderate-income homebuyers.
“Communities throughout the state need more homes that people can afford to buy,” Roberts said. “I look forward to seeing additional developments like Wolff Street Flats take shape to help Coloradans achieve affordable homeownership.”
Rutinel said the project demonstrates how the policy can increase access to homeownership.
In addition to CHFA financing, Wolff Street Flats received funding from the Colorado Department of Local Affairs and Denver’s Office of Housing Stability. The project is being developed through a partnership between Denver-based Osina Development and Modus Real Estate.
“This project serves a very underserved niche in the Denver housing market,” said Scott Speil, principal of Osina Development.
Speil and Garrett Beserra of Modus Real Estate said construction is expected to begin in June 2026 and be completed by August 2027. Homes are expected to be listed for sale beginning in July 2026.
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