Laws & Taxes

Laws & Taxes

CHFA AWARDS FEDERAL TAX CREDITS FOR AFFORDABLE HOUSING

Connecticut Housing Finance Authority (CHFA) Executive Director Karl Kilduff and CHFA Board Chairwoman and Department of Housing (DOH) Commissioner Evonne M. Klein, announced that CHFA’s Board of Directors has approved $7.1 million in Federal 9% Low Income Housing Tax Credits (LIHTCs) to six proposed affordable multifamily housing developments. These developments will result in 320 affordable rental units and 65 market rate units. The $7.1 million in LIHTCs are expected to generate more than $70 million private equity for the developments. The development of these properties is projected to generate 527 jobs and $175,680 million in economic activity.

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

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

Connecticut Mayors Gather to Praise State Budget Aid

Eleven mayors from Connecticut cities and towns representing nearly one million state residents gathered in Hartford today to praise the state budget passed last week by Democrats in the General Assembly, saying it provides essential public school aid while increasing PILOT payments and cutting one of the most burdensome taxes in the state: the local property tax

Public Hearing for Low-Income Housing Tax Credit Qualified Allocation Plan

The public is hereby notified that public comments will be accepted concerning proposed amendments to the Low-Income Housing Tax Credit Qualified Action Plan of the Connecticut Housing Finance Authority (CHFA).

New federal data shows low-income, minority students shortchanged for education spending

The Connecticut Conference of Municipalities (CCM) today (Monday, March 23) said that new data from the federal government which shows that Connecticut short-changes low-income minority students regarding spending for local public education reinforces CCM’s long-standing call for the State to address the $600 million underfunding of the State’s largest grant for local public education – the Education Cost Sharing Grant (ECS)

NOTICE OF FUNDING AVAILABILITY – State of Connecticut Housing Tax Credit Contribution Program

The Connecticut Housing Finance Authority (CHFA) is pleased to announce this Notice of Funding Availability (NOFA) for the State of Connecticut Housing Tax Credit Contribution Program (HTCC).

CHFA Announces Syndicator-Developer Forum – Low-Income Housing Tax Credit Program

Please join the Connecticut Housing Finance Authority for a discussion on the Low-Income Housing Tax Credit Program.

Regulators Approve Connecticut Water Settlement; $10 Million Tax Refund Will Reduce Rates Charged to...

WASHINGTON, D.C. - September 4, 2013 - (RealEstateRama) -- Attorney General George Jepsen and Consumer Counsel Elin Swanson Katz said rates charged to Connecticut Water Co. customers will be reduced by an estimated 6.4 percent beginning April 1, 2014, because state regulators have approved a negotiated settlement with the utility.

Williams Works With Governor Malloy to Grant Quarterly Property Taxpayers Grace Period from Interest

BROOKLYN, CT - November 2, 2012 - (RealEstateRama) -- With residents across Connecticut are consumed with recovery efforts as the result of Hurricane Sandy, State Senate President Donald E. Williams Jr., (Brooklyn/Killingly) today asked Governor Malloy to issue an executive order granting taxpayers a 15 day grace period from the accrual of interest on personal property and real property in the 12 Connecticut towns with October installments due November 1st.

CT REIA March 2012 Monthly Meeting: Real Estate Money Making Secrets

West Hartford, CT - March 7, 2012 - (RealEstateRama) -- Come learn the step-by-step, nuts and bolts Money Making Secrets of Finding, Buying, Structuring, Holding, Managing, Financing and Selling Real Estate revealed by a Full Time Professional who has been buying and selling houses since he was a teenager

2012 Housing Tax Credit Contribution (HTCC) Program Overview Session

March 6, 2012 - (RealEstateRama) -- The Connecticut Housing Finance Authority is pleased to announce Application Overview Sessions on the Housing Tax Credit Contribution (HTCC) Program for 2012 on Monday, April 2, 2012 and Tuesday, April 3, 2012 beginning at 9:00 a.m. at the CHFA Offices located at 999 West Street, Rocky Hill, CT 06067 in the Boardroom.

Senate Democrats Take Action to Balance Budget and Hold Property Taxes in Check

July 1 30, 2011 - (RealEstateRama) -- Early Friday morning, on the first day of the new fiscal year, Senate Democratic leaders led passage of a budget bill that ensures Connecticut will have a balanced budget for the next biennium. As a result of the failure of the state employee unions to ratify the $1.6 billion concessions package, the General Assembly worked with the Malloy Administration to craft legislation that closes the budget gap—$700 million in the current fiscal year.

New Law Allows Towns to Waive Interest Owed on Property Taxes by Members of...

June 16, 2011 - (RealEstateRama) -- Senate Majority Leader Martin Looney (D-New Haven / Hamden), Senator Carlo Leone (D-Stamford), and Senator Eileen Daily (D-Westbrook) say passage of Senate Bill 377 will give municipalities the option to waive interest owed on property taxes by members of the armed services who are on active duty.

Connecticut Real Estate Investors Assn. (CT REIA) Announces March 2011 Meeting With Tax Reduction...

West Hartford, CT - March 9, 2011 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, in association with Al Aiello, is announcing the March 2011 CT REIA monthly meeting for real estate investors. This event will take place on Monday March 21, 2011, from 5:30pm to 9:00pm at the Crowne Plaza Hotel, 100 Berlin Road, Cromwell, CT. This event is free for CT REIA members, and $30 for not-yet-members.

Looney: Towns Should Be Able to Waive Interest Owed On Property Taxes by Members...

February 14, 2011 - (RealEstateRama) -- Senate Majority Leader submits testimony in support of proposal that would give towns discretion; says this is a simple ‘matter of fairness’. Hartford: Senate Majority Leader Martin Looney (D-New Haven / Hamden) submitted testimony this week in support of a bill that would give municipalities the option to waive interest owed on property taxes by members of the armed services who are on active duty

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MURPHY CRITICIZES CONTINUED NEGLIGENCE AND ABUSE AT HOMES FOR DEVELOPMENTALLY DISABLED;...

Following continued alarming reports of negligence and abuse at homes for developmentally disabled residents, U.S. Senator Chris Murphy (D-Conn.), a member of the U.S. Senate Health, Education, Labor, and Pensions Committee, committed to introduce legislation to address this issue. The second investigation released today by the Office of the Inspector General (OIG) of the Department of Health and Human Services outlined issues in Massachusetts similar to those found in the OIG investigation into Connecticut, which was released on May 24, 2016

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Gov. Malloy Statement on the Nomination of Ben Carson as Secretary...

Governor Dannel P. Malloy today released the following statement regarding the nomination of Ben Carson as Secretary of the U.S. Department of Housing and Urban Development (HUD)