The Connecticut Housing Finance Authority (CHFA) will offer taxable bond financing for developments planning to apply in the 2022 nine percent LIHTC Round. Financing options include construction-only, construction to permanent and permanent-only loans.
Applications that propose the use of taxable bond financing are also eligible to apply for up to $1 million from CHFA’s Opportunity Fund. This financing must be paired with a CHFA senior loan. Funding is also available from the Affordable Housing Fund. Applications for letters of financing interest may be submitted with reduced documentation. Terms and conditions for all taxable bond financing options, and the list of required documentation can be found on the CHFA website here.
The deadline to apply for taxable bond financing is 4 p.m. ET on December 7. Application submissions must be emailed to PreliminaryApplication@CHFA.org by the deadline. The use of CHFA financing will not affect the review or scoring of a nine percent LIHTC application.
While the receipt of a letter of financing interest from CHFA is not guaranteed, letters of financing interest for successful applications are anticipated to be issued by Dec. 31, 2021. Questions on the nine percent LIHTC Round or Taxable Bond Products may be directed to Debbie Alter at deborah.alter@chfa.org.
