Connecticut
NH&RA Hosts ICAST IRA & BIL Instant Benefit Estimate Calculator
ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.
Connecticut Updates Appraisal, Market Study Process
The Connecticut Housing Finance Authority (CHFA) updated its Appraisal and Market Study Process for CHFA Mortgage Financed Transactions.
Connecticut Posts Second Set of Nine Percent LIHTC Round FAQs
The Connecticut Housing Finance Agency posted a second list of Frequently Asked Questions relating to the upcoming nine percent LIHTC round.
Connecticut Posts Nine Percent Round FAQ
The Connecticut Housing Finance Authority posted a list of Frequently Asked Questions relating to the upcoming nine percent LIHTC Round.
Connecticut Offers Subordinate Financing for 2020 Nine Percent LIHTC
The Connecticut Department of Housing plans to make commitments of its subordinate financing available for use in 2022 nine percent LIHTC funding round administered by the Connecticut Housing Finance Authority.
Connecticut Offers Taxable Bond Financing Options for 2022 Nine Percent LIHTC Round
The Connecticut Housing Finance Authority will offer taxable bond financing for developments planning to apply in the 2022 nine percent LIHTC Round.
Connecticut Updates AFS Workbook
The Connecticut Housing Finance Authority (CHFA) updated its Audited Financial Statement (AFS) excel workbook.
Connecticut Webinar on LIHTC Compliance Monitoring – Nov. 10
The Connecticut Housing Finance Authority and Spectrum are hosting a webinar on LIHTC compliance.
Connecticut QAP Overview Webinar – Oct. 13
The Connecticut Housing Finance Authority will hold a virtual overview session to introduce the 2022-2023 QAP and its associated guidelines and to address any questions with respect to the upcoming competitive nine percent LIHTC round.
Connecticut Approves 2022-2023 QAP
The Board of Directors of the Connecticut Housing Finance Authority (CHFA) adopted the 2022 and 2023 QAP and Gov. Ned Lamont (D) approved it on July 30, 2021.
CHFA’s Opportunity Fund
A pool of up to $3,000,000 is available as gap financing for proposed developments that demonstrate both a financial feasibility need and a prudent use of CHFA’s resources in order to accomplish flexibility and additional opportunities in the development of affordable housing throughout the State of Connecticut. Please note that funding is subject to ongoing availability and further information detailing all eligibility requirements is available here.
CHFA’s Affordable Housing Fund (Capital Magnet Fund + CHFA’s matching investment)
A pool of up to $6,000,000 is available for proposed developments that satisfy Capital Magnet Fund (CMF) program requirements specific to CHFA, which, among other requirements, includes:
1. Resident population: Minimum set-asides for households with incomes less than 50 percent of area median income;
2. Location: Eligible proposed developments must be located in areas of economic distress and
3. Leverage: Eligible proposed developments must achieve a private leverage capital ratio of 10:1.
$1 Million in Gap Financing Available from Connecticut
In connection with the 2021 Connecticut Housing Finance Authority (CHFA) & Department of Housing (DOH) Developer Engagement Process (DEP), CHFA intends to make flexible gap financing available from new funding sources. CHFA encourages participants in the 2021 DEP to consider the potential contribution and applicable requirements that these new funding sources would bring to development proposals with a need for additional financing resources. A maximum of $1,000,000 is available for any proposed eligible development.