The Connecticut Housing Finance Authority (CHFA) updated its Audited Financial Statement (AFS) excel workbook. The updated workbook must be used by all CHFA-Financed and State-Sponsored Housing Portfolio developments whose fiscal year-end is Dec. 31, 2021 or later.
The AFS workbook was updated to include a new Form HM 6-51B, Computation of Adjusted Cash Flow, Distributions and Residual Receipts. This form is required for developments with Regulatory Agreements that define Surplus Cash as Adjusted Cash Flow. There is a section of the Financial Input page that will indicate the use of HM 6-51A or HM 6-51B. As in the past, a PDF copy of your signed AFS and the excel workbook, which generates the supplemental forms must be sent to afs@chfa.org.
