For developers
Financing Affordable Housing
Rates set to the hour, tax credit rounds with real deadlines, and the criteria a CHFA deal has to meet.
Construction, tax exempt5.370%2 Years (Tax Exempt). Indications only; verify at rate lock.Set August 26, 2026, 9:00 amPermanent, taxable6.660%30/30 (Taxable). The top of the published range.Set August 26, 2026, 9:00 amCommitment rate holds for9moA Board-approved commitment carries a not-to-exceed rate valid for up to nine months from the adopted Loan Resolution.Affordable rental homes financed60,000+CHFA's own published figure, since 1969.
Products
How CHFA financing works
- Build For CTA joint initiative with the Connecticut Department of Housing to develop housing for middle-income households.
- Low-Income Housing Tax Credits (LIHTC)Federal 9% and 4% credits allocated by CHFA to finance affordable rental development.
- Housing Tax Credit Contribution Program (HTCC)State tax credits for businesses that fund affordable housing developed by nonprofits.
Build For CT
Build For CT is a joint initiative with the Connecticut Department of Housing to finance housing for middle-income households, the band that earns too much for most subsidized programs and not enough for market rents.
It is originated through participating commercial lenders rather than directly, and CHFA publishes the lender agreement, the schedules, and the template loan documents.