The agency & primary document
- Allocating agency
- Colorado Housing and Finance Authority (CHFA)
- QAP / guidelines
- https://www.chfainfo.com/arh/taxcredit/Pages/default.aspx
- Governing document
- 2025-26 QAP Second Amendment, Appendix A — Market Study Guide (pp 66-89)
- Methodology
- Agency-specific standalone methodology
Required market study sections
Colorado uses its own standalone market study methodology rather than the NCHMA Model Content Standards. Agency-specific methodology — CHFA publishes its own standalone Market Study Guide in Appendix A.
Key Colorado rules
- Staleness window
- Two-year cycle (2025-26); data older than 6 months not accepted; HTC inventory data must be < 6 months old
Colorado-specific overlays
- PMA pre-approval workflow — analyst must contact CHFA's Senior Collateral Appraiser with proposed PMA before engagement letter is finalized; approved PMA is attached to the executed engagement letter
- Threshold #3 violation results in 1 business day to correct
Required companion documents
- Walk Score Chart (separate Word doc from application page — analyst must complete this form)
- Market Study Professional Certification (in report body)
- Letter of Engagement with approved analyst + approved PMA
Things analysts miss in Colorado
- Two landing pages — Walk Score Chart and Certification live on the application page, not the QAP page
Produce a compliant Colorado market study in minutes
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Start a free Colorado report →Frequently asked questions
Who reviews LIHTC market studies in Colorado?
Colorado Housing and Finance Authority (CHFA) sets the market study requirements and reviews submissions for Colorado Low-Income Housing Tax Credit applications.
How current must a Colorado LIHTC market study be?
Two-year cycle (2025-26); data older than 6 months not accepted; HTC inventory data must be < 6 months old
Does Colorado follow NCHMA standards?
Agency-specific methodology — CHFA publishes its own standalone Market Study Guide in Appendix A.
Other states
This summary is for general reference and reflects Colorado Housing and Finance Authority (CHFA)'s published guidance as understood by StudyScribe; it is not legal or compliance advice. Always confirm requirements against the current QAP / market study guidelines before submission.