The Connecticut Housing Finance Authority has issued a memo of proposed amendments to its Low-Income Housing Tax Credit Qualified Allocation Plan and Procedures for 2010. CHFA’s proposed changes include:

  • Insert language that allows CHFA’s Board of Directors to identify certain projects as “Exceptional Priority,” which can apply at any time and will not be ranked against any other projects. The new draft will also define and establish criteria for “Exceptional Priority” projects;
  • Increase the number of possible points for developments located within a QCT from 2 to 10;
  • Increase the number of possible points for rehabilitation in municipalities with Regional Centers or new construction in designated municipalities from 2 to 4 points.

CHFA is accepting comments from the public on the proposed changes until December 17. Read more…