The Connecticut Housing Finance Authority (CHFA) announced the availability of taxable bond financing for developments planning to apply in the 2023 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. Please carefully review the requirements for these sources before including them in an application.
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 here.
Application submissions must be e-mailed to PreliminaryApplication@CHFA.org by 4 p.m. ET on November 18. 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 December 30.
Questions on any of the Taxable Bond Products noted here may be directed to Michelle Onofrio at michelle.onofrio@chfa.org or Joe Voccio at joe.voccio@chfa.org. Questions or inquiries regarding CHFA’s 2023 nine percent LIHTC round may be directed to Debbie Alter at deborah.alter@chfa.org.
