Treasury's Colorado Housing and Finance Authority (CHFA) Bond Program supports existing programs administered by CHFA that provide 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, the Farm Service Agency, and the U.S. Rural Business Cooperative Service.
From 2003-2007, Treasury allocated a total of $25 million of the funds currently under management by the Department to purchase federally guaranteed securities from CHFA.
The Treasurer's office revived the partnership with CHFA in 2011, allocating $5 million in that year and allocating $6 million in 2012. The securities purchased by Treasury from CHFA have the full backing of the federal government and carry an interest rate fixed at one percent above the rate on ten-year U.S. Department of Treasury securities.
For more information on the CHFA Bond Program, visit www.chfainfo.com.