The Connecticut Housing Finance Authority (CHFA) has reserved $14.8 million in federal low-income housing tax credits (LIHTCs) to 10 developments across the state.
The 9% credit awards will generate approximately $135 million in equity from private investors and support the development of 550 homes, including 480 affordable and 70 market-rate units.
“This year’s LIHTC awards represent our continued commitment to creating vibrant communities and increasing access to housing that meets the needs of families and individuals across Connecticut,” said Nandini Natarajan, CHFA’s CEO and executive director. “The selected developments reflect thoughtful planning and deep collaboration between public and private partners.”
CHFA reported that the awardees include:
- Eight new-construction projects and two preservation deals;
- Six developments located in municipalities with less than 10% affordable housing;
- Eight developments offering supportive housing for individuals with disabilities or experiencing homelessness, with rental subsidies through the Department of Developmental Services or the Section 811 project-based rental assistance program referred to as the CT811; and
- Three developments located in eastern Connecticut.
For more information about the developments receiving LIHTCs, visit the CHFA website.
