CHFA plans to sell $60.3 million in tax exempt bonds to finance affordable multifamily rental housing

Rocky Hill, Conn., November 30, 2015 – The Connecticut Housing Finance Authority (CHFA) plans to offer up to $60.3 million in Tax Exempt Bonds to finance six affordable multifamily rental developments: Billings Forge in Hartford, Charles Street Apartments in Meriden, Frost Homestead in Waterbury, Laurelwood Apartments in Bridgeport, Old Talcott Mill in Vernon, and Trinity Park in Stamford, totaling 488 units.

Hawkins, Delafield & Wood LLP, Kutak Rock LLP and Lewis & Munday are acting as co-bond counsel. Underwriters are represented by Tobin, Carberry, O’Malley, Riley & Selinger PC. Lamont Financial Services Corporation is serving as Financial Advisor to CHFA. CHFA maintains a AAA rating with Standard & Poor’s and a Aaa rating with Moody’s Investor Services, which allows the Authority to achieve the lowest cost of funds.

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