Board Policy Statements are adopted by CHFA's Board of Directors to provide guidance to staff and the public on specific topics. Each Board Policy Statement includes:
- A brief and clear statement to provide context for CHFA's position, within which CHFA decision-making will occur. The statement does not limit CHFA's discretion, but provides a degree of predictability of purpose and intent.
- A statement of general parameters to guide staff and inform the public on the implementation of the policy to ensure consistency with CHFA expectations. Guidelines are not rules, but a set of parameters within which management discretion and authority can be exercised.
Board Policy Statements