Skip to Main Content

The site navigation utilizes arrow, enter, escape, and space bar key commands. Left and right arrows move across top level links and expand / close menus in sub levels. Up and Down arrows will open main level menus and toggle through sub tier links. Enter and space open menus and escape closes them as well. Tab will move on to the next part of the site rather than go through menu items.


Limited Equity Cooperative Program


CHFA oversees rental housing developments in Connecticut that are subject to various compliance and reporting standards associated with their funding source. Originally administered by the Connecticut Department of Economic and Community Development (DECD), the Limited Equity Cooperative Program was designed to offer deferred or low-interest loans, loans and/or grants to non-profit corporations that develop or own low- to moderate- income housing. Residents must contribute their labor, make a cash contribution, or both, in order to become a cooperative member. Recipients of funds under this program are required to regularly provide CHFA with documentation that demonstrates their compliance with specific financial, insurance, property, tenant and lease requirements.   

The Limited Equity Cooperative Program is subject to relevant state of Connecticut statutory regulations, as well as the provisions of the Loan Documents and/or Assistance Agreement(s), applicable between the owner and CHFA.  All operating expenses must be paid from the carrying charges collected from the residents.

Some of the Compliance Reporting Requirements are as follows:

Questions? Contact your CHFA Asset Manager.



AFS Reporting Handbook
This is a list of Frequently Asked Questions about CHFA's Audited Annual Financial Statement Reporting Requirements.


CHFA Annual Financial Statement Workbook
This excel workbook contains a Financial Input worksheet which feeds the required Supplemental Forms HM 6-50, HM 6-51A or HM 6-51B (whichever is applicable) and HM 6-52. When used by a DOH Congregate development, the Input sheet will also populate automatically. (Rev. 11/2023 Effective FYE 12/31/2023)


SSHP - Affidavit for Financial Statements
This legal statement is signed by designated officers of the Limited Equity Co-operative within the State-Sponsored Housing Portfolio and attests to the truth and accuracy of the financial information concerning that development.


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.


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.



State Housing Portfolio - Insurance Requirements for Non Profit and Profit
This summary from DECD/DOH and CHFA sets forth the insurance requirements for Non-Profit and For-Profit owners of developments within the State-Sponsored Housing Portfolio that have not been subordinated to a CHFA Funding Program.

Annual Misc.


State-Sponsored Housing Portfolio - Form 10-4 - Limited Equity Cooperatives Directory 8/25/2017 12:11 PM
This form is requested to be submitted to CHFA when there is a change of contact information for the owner/sponsor, site administrator, accountant, auditor and/or management agent of a Limited Equity Cooperative within the State-Sponsored Housing Portfolio.

© 2024 Connecticut Housing Finance Authority. All Rights Reserved