The Connecticut Department of Housing (DOH) and the Connecticut Housing Finance Authority (CHFA) announced they have signed financing agreements for nine developments that will contribute to the creation or preservation of 478 housing units. These developments will include 336 affordable units for low- and moderate-income renters, of which 57 will be designated as permanent supportive housing. Developments are located in Berlin, Goshen, Meriden, New Haven, Norwalk, Rocky Hill, Terryville, Stamford, and Willimantic.
DOH is providing over $32 million in loans and grants, and CHFA is providing LIHTC that will generate more than $55 million in private investment along with $9.1 million in first mortgage financing. The affordable units will be earmarked for residents making up to 80% AMI. In addition, CHFA signed financing agreements totaling $4.3 million for 121 units to be funded by the Build For CT program, a collaboration between DOH and CHFA to support the creation of apartments designed to be affordable for middle-income renters.
