CHFA offers qualifying developers low-interest mortgage loans to help finance their affordable multifamily housing developments in Connecticut. Owners and management agents of CHFA-financed multifamily properties must comply with operating rules and restrictions that are designed to ensure the long-term provision of high quality, affordable housing. Recipients of CHFA Multifamily Mortgage loans are required to regularly provide CHFA with documentation that demonstrates their compliance with specific financial, insurance, property, tenant and lease requirements.
CHFA Multifamily Mortgage loans are subject to the Regulatory Agreement and all other Loan Documents.
Some of the Compliance Reporting Requirements are as follows:
Questions? Contact your CHFA Asset Manager.
This is a list of Frequently Asked Questions about CHFA's Audited Annual Financial Statement Reporting Requirements.
CHFA - DOH Budget-Interim Workbook
This workbook is used by developments to project their Annual Operating Budgets and their Capital Improvements for the coming year. It is also used for submitting Interim Statements.
SSHP Conversion Manual - Acctg. Guide
This guidance manual has been specifically designed to assist the State-Sponsored Housing Portfolio (SSHP) owners and their accountants/auditors in the conversion of the financial reporting to comply with Generally Accepted Accounting Principles (GAAP). All SSHP owners will need to convert to GAAP accounting for audits beginning with fiscal year end 12/31/2017. Note: This notice does not apply to SSHP Limited Equity Cooperatives.
CHFA Annual Financial Statement Workbook
This excel workbook contains a Financial Input worksheet which feeds the required Supplemental Forms HM 6-50, HM 6-51 and HM 6-52. When used by a DOH Congregate development, the Input sheet will also populate automatically. (Updated 12/31/2017)
CHFA – HM 9-15 – Amendment to Lease
This is a lease amendment required for developments financed with CHFA mortgage loans if CHFA is not the Contract Administrator for the development.
Mgmt. Plans & Mktg. Docs.
CHFA – Management Plan Outline
These instructions provide an outline of the Management Plan for implementing and meeting the affordable housing objectives of a housing development.
CHFA - Marketing Plan Outline
These instructions provide an outline of the Marketing Plan for marketing and outreach activities of a housing development.
CHFA - Weekly Marketing Report
This fillable pdf form is used by a property manager to report how occupancy is progressing with a development which is renting-up.