Yearly Archives: 2014

The Connecticut Housing Finance Authority (CHFA) received a national award for Program Excellence from the National Council of State Housing Authorities (NCSHA) at the Council’s annual conference last week. More than 2,000 units of affordable rental housing have been financed by leveraging funds from this CHFA program since 2011. CHFA’s Small Multifamily Rental Housing Development Program works with Community Development Finance Institutions (CDFIs) and local partners to revitalize and develop small affordable multifamily rental housing developments (between 5 and 19 units), in communities across the state.

Today, U.S. Senators Richard Blumenthal (D-Conn.) and Chris Murphy (D-Conn.), and U.S. Congresswoman Rosa DeLauro (D-Conn.), U.S. Congressman John Larson (D-Conn.), U.S. Congressman Joe Courtney (D-Conn.) U.S. Congressman Jim Himes (D-Conn.) and U.S. Congresswoman Elizabeth Esty (D-Conn.) announced that the U.S. Department of Health and Human Services (HHS) released $77,288,422 of block grant funding for Connecticut’s Low Income Home Energy Assistance Program (LIHEAP)

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State Senator Andres Ayala joined Governor Dannel P. Malloy yesterday in announcing a significant investment in Affordable housing for Bridgeport and other communities around the state. The $10,649,077 in grants and loans will allow for the creation of 131 new units of affordable housing

CHFA is offering a Multifamily Bond Initiative to those seeking multifamily construction and/or permanent financing for the creation and preservation of energy efficient, affordable, multifamily rental housing.

Congressman Jim Himes (CT-4) today visited Insports Trumbull to highlight the recent energy efficiency upgrades to the 108,000 square-foot indoor athletic complex. Insports used Commercial Property Assessed Clean Energy (C-PACE) financing from Connecticut’s Green Bank - the Clean Energy Finance and Investment Authority - to incorporate the latest energy saving technology that will reduce its carbon footprint

The Connecticut Housing Finance Authority (CHFA) completed a successful offering of $123 million in Tax Exempt Bonds on Monday, August 4, 2014. The offering was oversubscribed, generating more than $400 million in orders in one day. A significant percentage of the orders or $104 million came from retail and institutional investors in Connecticut, who are familiar with CHFA’s financial strength and track record. Proceeds from the sale of these bonds will be used to finance the Authority’s single family mortgage program

Congressman Jim Himes (CT-4) today joined four of his House colleagues in introducing bipartisan legislation to increase energy efficiency in multifamily, affordable housing communities nationwide. The bill allows the Department of Housing and Urban Development (HUD) to establish a demonstration program and enter into budget-neutral, performance-based agreements that result in reduced energy or water costs for HUD-assisted multifamily housing

Representatives Jim Himes (CT-4), John K. Delaney (MD-6) and John Carney (DE – at large) today introduced innovative housing finance reform legislation, the Partnership to Strengthen Homeownership Act (H.R. 5055). This legislation preserves the 30-year fixed rate mortgage and protects American taxpayers by using private sector pricing to reduce the risk of future bailouts. It shifts the housing finance market away from Fannie Mae and Freddie Mac, and keeps home ownership attainable for working families by strengthening affordable housing programs

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

A new Bridgeport Neighborhood Trust location opened its doors at 570 State Street this week, following a ribbon cutting by Senator Andres Ayala, neighborhood residents, and community leaders. This new location will help further BNT’s goal of strengthening Bridgeport by providing families with the education, investment assistance, and technical support that they need to purchase their first home

Today, U.S. Senator Chris Murphy (D-Conn.) and U.S. Congresswoman Elizabeth Esty (D-Conn.) applauded final passage in the U.S. Senate of H.R. 316, the Collinsville Renewable Energy Promotion Act. The Collinsville Renewable Energy Promotion Act would permit the town of Canton to operate two small, currently inactive hydropower dams and generate locally produced power.

Thursday, the Senate Committee on Banking, Housing, & Urban Affairs held a markup hearing on the Johnson-Crapo housing finance reform bill. The Johnson-Crapo plan uses the Corker-Warner proposal as its base architecture and winds down Fannie Mae and Freddie Mac

Governor Dannel P. Malloy, Department of Housing (DOH) Commissioner Evonne M. Klein, and Connecticut Housing Finance Authority (CHFA) President and Executive Director Eric Chatman today announced investments of more than $70 million in federal and state funds for 16 affordable housing projects across the state that will transform their communities and build and rehabilitate a total of 694 affordable rental apartments. The funds are expected to generate an additional $116 million in private investments for the projects, bringing the total investments to $186 million in state, federal and private dollars

Governor Dannel P. Malloy today announced that $27.9 million in grants have been approved to build four new supportive, affordable multifamily housing developments in Bridgeport, Hamden, Hartford and Manchester.