The Connecticut Department of Housing (DOH) 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 (CHFA).
DOH has established a subordinate financing limit of $100,000 per LIHTC qualified unit for standard rental projects, up to a maximum of $4 million per project. Due to limited resources, DOH funding awards are limited to one per developer/sponsor/owner. Awards shall not be made to applicants who have a direct or indirect ownership interest in or significant affiliation with two or more developments that received a commitment from DOH for financing but have not initially closed by March 31, 2022.
Applications must be submitted simultaneously with the nine percent LIHTC Application and are due by 4 p.m. ET on Jan. 12, 2022. Applicants will submit one CHFA & DOH Consolidated Application (ConApp) for use by both CHFA and DOH. Questions on the DOH funding may be directed to: Debbie Alter at deborah.alter@chfa.org or Miguel Rivera at rivera.miguel@ct.gov.
