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.


Brownfield Targeted Loan Program

Offers low-interest loans at 3% with repayment period of up to 30 years for purpose of remediation.


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.


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


Housing Environmental Improvement Revolving Loan Fund (RLF)

Allowable uses of RLF funds:
1. EE improvements
2. EE improvement health & safety barrier remediation
3. To provide services to assist residents and building owners to access and implement the programs [listed above] or other available state or federal programs that enable the implementation of energy efficiency retrofitting


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


National Housing Trust Fund (NHTF)

National Housing Trust Fund is a federal block grant program used for the production, preservation, rehabilitation, or operation of affordable rental housing. 75% of all HTF dollars must serve extremely low-income households.


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.


Pre-Development Loan Program

Provides financial assistance in the form of an interest free loan to the Developer for predevelopment
costs incurred in connection with the construction, rehabilitation or renovation of decent, safe and sanitary dwelling
units for low and moderate income families.

Eligible expenses include architectural designs, feasibility studies, market studies, appraisals, and option payments to acquire a site. Loans are available for up to $300,000. All loans are 0% interest and available for a term of 24 months. The majority of projects serve households with incomes of 25%-60% of the area median income (AMI).