Compliance
Reporting Requirements
Supportive Housing
Programs
Overview
The Connecticut Housing Finance Authority (CHFA) has
provided mortgage financing for the housing developments
created under the
Supportive Housing Demonstration Program,
the
Supportive Housing Pilots Initiative and the
Next Steps
Initiative.
In general, Supportive Housing developments are required to
follow the compliance standards of CHFA Mortgage loans,
but must also comply with any unique requirements outlined
in the housing program under which they were created.
Owners and Management Agents are encouraged to refer to the
Regulatory Agreements and Loan Documents associated with
their CHFA Multifamily Mortgage loans for more information
on compliance rules associated with their developments.
Follow the links below to learn about modifications in the
compliance requirements of your Supportive Housing
development.
Audited Annual Financial Statement Reporting
Requirements
The
Supportive Housing
Demonstration Program requires Audited Annual Financial Statements to be
submitted to CHFA within 120 days from the close of the development’s fiscal
year.
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Projected Annual Operating Budget Requirements
Depending upon the Supportive Housing Program, a Projected Annual Operating
Budget must be submitted to CHFA and/or the development
Owner:
- The
Supportive Housing Demonstration Program
requires Projected Annual Operating Budgets to be
submitted to the Owner 120 days prior to the
beginning of the development’s fiscal year, and to
CHFA 90 days prior to the beginning of the
development’s fiscal year.
- The
Supportive Housing Pilots Initiative
requires Projected Annual Operating Budgets to be
submitted to CHFA 60 days prior to the beginning of
the development’s fiscal year.
- The
Next Steps Supportive Housing Initiative
requires Projected Annual Operating Budgets to be
submitted to CHFA 60 days prior to the beginning of
the development’s fiscal year.
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Interim Statements of Operation Requirement
The
Supportive Housing
Demonstration Program
requires an Interim
Statements of Operations to
be submitted to CHFA within
30 days from the end of each
quarter.
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Questions? Contact CHFA.
For additional
assistance, developments
with CHFA Multifamily
Mortgage loans under one of
these programs should
contact their Asset Manager
directly .
Mailing Address:
Connecticut Housing Finance Authority
Attn: [Your Asset Manager]
999 West Street
Rocky Hill, Connecticut 06067 |
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Additional Information
The following documents
are related to the
compliance requirements for
CHFA-financed developments
under the
Supportive Housing
Programs.
| Related Documents | Found: 2
matches.
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