Affordable Housing Fund

The Affordable Housing Fund, established with a Capital Magnet Fund FY 2020 award and matching funds from CHFA, is available to eligible affordable multifamily rental housing developments statewide that have a funding need of $1 million or less and that meet eligibility criteria.


Build for CT

A collaboration between the CT Department of Housing and CHFA to create public-private partnerships with lenders and developers to address the housing needs of middle-income renters  (Workforce Housing ). Restricted rents must reflect a discount to market rents.  Rates between 1% -3%  to borrower depending on the significance of the discount. B4CT is a subordinate loan program and needs to be paired with an approved participating Senior Lender.


Federal Low Income Housing Tax Credit 4% (LIHTC 4%)

The LIHTC program provides incentives for developers to acquire, rehabilitate and/or build new low- or mixed-income housing through the allocation of federal tax credits that may be sold to corporations or investor groups to raise equity for a project. Allocated in conjunction with the issuance of Tax Exempt Bonds (TEBs), the resulting 4 percent credits and equity are used for the acquisition, rehabilitation, or new construction of affordable units. Applications may be submitted to CHFA at any time during the year or through the Developer Engagement Process, announced twice annually.


Federal Low Income Housing Tax Credit 9% (LIHTC 9%)

The LIHTC program provides incentives for developers to acquire, rehabilitate and/or build new low- or mixed-income housing through the allocation of federal tax credits that may be sold to corporations or investor groups to raise equity for a project. The LIHTCs allow for the acquisition, new construction and rehabilitation activities. The 9% LIHTCs are subject to the state’s tax credit ceiling allotment and, as such, are allocated by CHFA through highly competitive annual funding rounds. CHFA holds at least one 9% funding round per year.


Opportunity Funds

The Opportunity Fund was established by CHFA’s Board of Directors to advance CHFA’s strategic plan goals and objectives in supporting housing development needs statewide. This fund is available to eligible developments with a funding need of $1 million or less.


Priority Needs

Funding to address critical life-safety needs at SSHP properties


Small Multifamily Community Development Finance Institution (CDFI) Loan Pool

The Small Multifamily Community Development Financial Institution (CDFI) Loan Pool Program offers affordable funds to participating CDFIs for eligible developments that typically wouldn’t seek direct financing from CHFA.


State Housing Tax Credit Contribution Program (HTCC)

The HTCC Program provides tax credit vouchers to Business Firms that support Affordable Housing Programs administered by Nonprofit Corporations, assisting households with Very Low-, Low-, and Moderate-Incomes. These tax credits match the contributions made by Business Firms, making the HTCC Program a dollar-for-dollar tax credit initiative.


State-Sponsored Housing Improvement Program (SSHIP)

State-Sponsored Housing Improvement Program (SSHIP) funding aims to provide resources for the rehabilitation of properties within the State Sponsored Housing Portfolio.


Tax-Exempt Bonds (TEB)

Subject to availability, tax-exempt bond financing is contingent upon volume cap availability and is designated for transactions with a minimum of 20% of units affordable at 50% of the Area Median Income (AMI) and those seeking to utilize 4% LIHTCs. Applications are typically submitted concurrently with requests for competitive resources from the Connecticut Department of Housing (DOH) or other published notices