The CHFA Bond Program supports two existing programs administered by the Colorado Housing and Finance Authority (CHFA): the Quality Investment Capital (QIC) Program and the Quality Agricultural Loan (QAL) Program.  QIC & QAL provides loans to small businesses, farms and ranches within the State of Colorado.  CHFA operates these programs in coordination with the U.S. Small Business Administration and the U.S. Rural Business Cooperative Service.

Beginning in 2003, Treasury will allocate $50 million of the funds currently under management by the Department over a ten-year period to purchase federally guaranteed securities from CHFA.  In turn, CHFA will then use the new cash to fully fund the QIC and QAL loan programs.

The securities purchased by Treasury from CHFA will have the full backing of the federal government, and carry an interest rate fixed at seventy-five basis points (0.75%) above the rate on ten-year U.S. Department of Treasury securities.

For more information on the CHFA Bond Program, visit www.colohfa.org