Connecticut

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

The Connecticut Housing Finance Authority (CHFA) updated several documents for its upcoming nine percent LIHTC round. Applications for the nine percent round are due no later than 4 p.m. ET on November 12, 2020. CHFA will hold a Tax Credit Compliance Monitoring Workshop from 9 – 10:30 a.m. ET on September 30.

The Connecticut Housing Finance Authority (CHFA) will hold a Virtual Over Session for its upcoming nine percent LIHTC round on September 16 at 10:00 am ET.

The Connecticut Housing Finance Authority (CHFA) will resume Housing Tax Credit Contribution Program (HTCC) program quarterly site visits in August. HTCC visits occur quarterly once an awarded development reaches 25, 50, 75 and 100 percent completion in construction. CHFA will not perform onsite physical inspections until December 31, 2020 or until a time that a determination has been made that it is safe for staff, residents and owners to resume physical inspections.

In accordance with HUD guidance, CHFA will resume HUD Section 8 Management and Occupancy Reviews (MORs) on August 4, 2020. Your CHFA Asset Manager will contact you to schedule the MOR. Please contact your Asset Manager with any questions relating to MORs.

The Connecticut Housing Finance Agency (CHFA) extended the COVID-19 multifamily financial relief period through December 31, 2020. Any mortgagor of a multifamily rental housing development in CHFA’s portfolio experiencing financial distress due to COVID-19, beyond the financial ability of the mortgagor to correct or mitigate, may contact CHFA to request its assistance. For more information, […]

In response to the COVID-19 pandemic in Connecticut, the Office of the Governor, the Department of Housing, the Connecticut Housing Finance Authority, HUD and other partners conducted a survey of residential landlords.

The Connecticut Housing Finance Authority will hold a virtual public hearing and comment period on June 17 regarding its proposed 2020 QAP and Hybrid Financing Structure Guidelines, which are referenced in the QAP.

The Connecticut Housing Finance Authority (CHFA) is offering owners that have or will execute a carryover allocation agreement between December 1, 2019 and December 31, 2020 the ability to request the following extensions:

A six-month extension of the ten percent test deadline for carryover allocations as required by Internal Revenue Code (IRC) Section 42(h)(1)(E)(ii) and IRS regulation 1.42-6.
A 12-month extension of the placed in-service deadline as required in IRC Section 42(h)(1)(E)(i).

Any mortgagor of a multifamily rental housing development in the Connecticut Housing Finance Agency (CHFA) portfolio who is experiencing financial distress due to COVID-19

The Connecticut Department of Economic and Community Development (DECD) published Safe Workplace Rules for Essential Employers. In addition to general guidelines for all essential employers, DECD included a section specifically regarding construction sites: 

The Connecticut Housing Finance Agency is extending the deadline for quarterly submissions to May 29, 2020. To the extent you are able to provide your quarterly reports prior to May 29, please do so. 

Connecticut Housing Finance Authority (CHFA) continues to monitor the situation with COVID-19 and as additional information becomes available, reserves the right to update or modify the guidance below.

I wish to first thank you for your efforts in supporting Connecticut Housing Finance Authority (CHFA) mission in making housing affordable to low and moderate income families and persons in the State of Connecticut.