Colorado teacher home loan program puts school fund money at risk in foreclosures
By Cory Gaines | Commentary, Colorado Accountability Project
I wrote earlier in the week about Impact Development and taxpayer-subsidized mortgages. That newsletter is linked first below if you’re interested.I have an update of sorts to share. It’s not so much the program I outlined earlier, more a related program run out of Colorado Housing and Finance Authority (CHFA).The program is called the Schools to Home Program. The CHFA website for this program is linked second below. I’ll run through the details and a quick example here, but as I do, I do not want you to lose track of something.Hidden in all of the graphics and words are the following: public money is given out on loan to the people who are in the program, and they get generous terms on their loans that others woul...