Colorado was one of the first states in the country to pass legislation for first-time homebuyers. The legislation allows them to open a tax-free savings account to save money for down payment on a new home. Since that law was passed in 2016, Colorado is seeing the benefits of the program. – Colorado, the seventh-fastest growing state in the country, welcomed...
House Bill 19-1096: Colorado Right to Rest Earlier in the week, HB19-1096, titled Colorado Right to Rest, died in the Senate Finance Committee by unanimous decision. The bill would have allowed individuals to occupy public spaces for any duration without penalty, prohibiting state and local governments from enacting or enforcing laws, ordinances, rules or regulations related to public camping. CAR's Legislative...
Lack of inventory and massive year-over-year gains in the price of entry-level homes are not the only factors preventing prospective first-time homebuyers into taking the leap towards homeownership. According to NAR's 2017 Profile of Home Buyers and Sellers Speak report, first-time homebuyers are struggling to afford the costs that come with purchasing a home. In fact, 1 in 3 first-time...
For Immediate Release Monday, June 26, 2017 Contact: Megan Herrera, 303.297.7407 mherrera@chfainfo.com CHFA Unveils New Loan Program for First-Time Homebuyers (DENVER) – Colorado Housing and Finance Authority (CHFA) announced today the rollout of a new home mortgage loan program for first-time homebuyers, qualified veterans, and non-first time buyers in targeted areas. The 30-year, fixed-rate loan program is called CHFA FirstStepsm and is expected to offer...