Notice of Funding Availability (NOFA) – Housing Authority Small Improvement Program

Connecticut Housing Finance Authority

NOTICE OF FUNDING AVAILABILITY (NOFA)
Housing Authority Small Improvement Program

WASHINGTON, D.C. – April 30, 2015 – (RealEstateRama) — This notice is directed to Housing Authority owners of properties in the State-Sponsored Housing Portfolio which transferred from the Department of Economic and Community Development (DECD) to the Connecticut Housing Finance Authority (CHFA) in 2003.

CHFA announces a current funding round of $750,000 that is available for the Housing Authority Small Improvement Program (HASIP). The programs are funded from CHFA’s Community Investment Account (CIA). Through an application process, funding is available to address capital improvements, cosmetic repairs and a variety of activities that improve the quality of life for the residents.

Applications will be accepted on a first-come, first-serve basis at the offices of CHFA starting May 1, 2015 until all funds are committed. There are 2 types of programs available, as follows:

1. Capital Improvement Fund: Applicants can request up to $25,000 per property from the fund (for eligible capital improvements/cosmetic repairs) and are required to demonstrate 100% matching funds from private and/or philanthropic sources. All funds awarded must be expended by the recipient within one year of the Funding Agreement date.

2. Resident Program Fund: Applicants can request between $1,000 and $5,000 per property from the fund (for eligible activities that directly impact the quality of life for residents (e.g. exercise, nutrition, community garden, etc…). No matching funds are required.

For your convenience, please find below program outlines, applications and a checklist.

Your signed application package should be submitted electronically to chfashp-2 (at) chfa (dot) org or, if no internet capabilities, please mail to the attention of Lynn Koroser-Crane at CHFA, 999 West Street, Rocky Hill, CT 06067. During the application process any questions can be addressed to Pat Johnson at (860) 571-4362 or via e-mail at pat.johnson (at) chfa (dot) org.

CHFA reserves the rights to (i) amend, modify, or withdraw this NOFA, (ii) revise any requirements of this NOFA, (iii) require supplemental statements or information from any applicant to this NOFA, (iv) accept or reject any or all responses to this NOFA, (v) revise the schedule or advertise, receive and review response to this NOFA, (vi) renegotiate or hold discussions with any applicants to this NOFA and allow such applicants(s) to correct deficient responses which may not completely conform to the instructions contained herein, or immediately eliminate such responses which are incomplete or unresponsive to this NOFA, and (vii) cancel and reissue, in whole or in part, this NOFA if CHFA in its sole discretion, deems it to be in the best interest of the State or the Housing Authority Small Improvement Program. CHFA may exercise the foregoing rights at any time without notice and without liability to any applicant of this NOFA, or any other party. Responses to this NOFA shall be prepared at the sole expense of the applicant. Additionally, responses to the NOFA shall not obligate CHFA to procure any of the services described herein from such applicants.