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.


Affordable Housing Program (AHP) (a.k.a FLEX)

Also referred to as soft capital, this program is DOH’s primary housing production program and is frequently referred to as the “flexible” housing program. The program provides quality, affordable housing for Connecticut residents, promotes and supports homeownership and mixed-income developments, and assists in the revitalization of urban and rural centers.

Funds can be used for: acquisition, rehabilitation, new construction, demolition, homeownership, multi-family rental housing, adaptive re-use of historic structures, special needs housing, redevelopment of vacant properties, infrastructure improvements, and housing for individuals or families with incomes up to 100% of Area Median Income.


Community Investment Fund (CIF) 2030

The Community Investment Fund 2030 (CIF) fosters economic development in historically underserved communities across the state. CIF will provide a total of up to $875 million to eligible municipalities as well as not-for-profit organizations and community development corporations that operate within them.


Connecticut Housing Trust Fund

Program provides gap financing, grants, loan guarantees, low-and-no-interest loans and funding for the CT Individual Development Account housing program

Purpose: encourages creation of homeownership housing for low and moderate income families, promotes the rehabilitation, preservation and production of rental housing and the development of housing which aids the revitalization of communities


Continuum of Care Homeless Grants

Competitively awards grants for CoC planning costs, Unified Funding Agency costs, acquisition, rehabilitation, new construction, leasing, rental assistance, supportive services, operating costs, Homeless Management Information Systems (HMIS), project administration costs, relocation costs, and indirect costs.


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.


Land Bank Trust

Program provides eligible applicants with grants, loans and deferred loans for the costs of acquiring land or interest in land and the costs of holding and managing land to be developed as housing for low and moderate-income families

Two components:
(1) Land Bank – grants, loans or deferred loans to purchase land, which an eligible applicant can “bank” or hold the land for a period of up to two years
(2) Land Trusts – grants, loans and deferred loans for acquisition, holding and managing costs, but land must be developed right away. The land underlying the units must be held in trust


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.


Responsible Growth and Transit Oriented Development Grant Program

The Responsible Growth and Transit-Oriented Development (RGTOD) Grant Program provides funding opportunities to eligible applicants for projects that foster transit-oriented development and/or projects that demonstrate responsible growth through their consistency with the Conservation & Development Policies: The Plan for Connecticut.