Notice of Funding Availability – State-Sponsored Housing Portfolio Recapitalization

WASHINGTON, D.C. – (RealEstateRama) — This Notice of Funding Availability (NOFA) is directed to owners of properties in the State-Sponsored Housing Portfolio seeking funding from the Department of Housing and/or the Connecticut Housing Finance Authority.

Consideration for funding under this NOFA will be given to owners of:
• Properties for which the Capital Plan targets a transaction in 2014 through 2019
• Limited Equity Cooperatives; and
• Properties without specified transaction years and designated “Current – At-Risk” in the Capital Plan.

A complete list of eligible properties is included as Exhibit A.

Eligible applicants must be the owner of a property within the Portfolio, or a new affiliated entity created by such owner solely for the purpose of financing the capital improvements to the property.

Please note: this funding opportunity will not feature a deficiency period. All applications must be complete as of submission on or before the submission deadline of April 26, 2017. DOH and CHFA reserve the right to request additional information or clarification as part of the application review process.

Hard copies of full-sized architectural drawings and specifications must be received no later than April 26, 2017 at 4:00 p.m. and addressed to:
CT Housing Finance Authority
Attn: Jennifer Landau
999 West Street
Rocky Hill CT 06067