ABOUT ASSET MANAGEMENT

The Connecticut Housing Finance Authority's Asset Management Division is
responsible for monitoring all multifamily developments financed by the Authority. Asset Management's main objective is to preserve and enhance the value of the Authority-financed assets and ensure the quality of housing and support services provided to residents.

Asset Management staff is comprised of Senior Managers, Asset Managers, Technicians and administrative support personnel. Each development in the portfolio is monitored by an Asset Manager, as agents of CHFA, to ensure compliance with Authority Procedures, Regulatory Agreement, Management Agreement, Low-Income Housing Tax Credit (LIHTC) and Federal Housing Administration (FHA)/ Housing and Urban Development (HUD) requirements. The monitoring process is designed to provide long term, quality affordable housing to residents and to protect the Authority's assets and bondholders' investment in CHFA bonds.

The Authority's current multifamily portfolio consists of approximately 22,000 units in 251 developments located throughout the State of Connecticut. The portfolio is comprised of Section 8 and other HUD insured developments along with Market Rate, LIHTC, Supportive Housing and Assisted Living developments.

The Authority also serves as the HUD Section 8 Contract Administrator for 83 developments. As Housing Credit Agency for the State, CHFA also provides LIHTC compliance monitoring for approximately 11,000 units in 187 developments. Asset Management also oversees the Employer Assisted Housing Tax Credit (EAHTC) and the Affordable Housing Disposition Programs (AHDP).

Asset Management works in conjunction with Owners and Management Agents to provide residents of the State of Connecticut with decent, safe and sanitary affordable housing opportunities.

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