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Moderate Rental Housing Program

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CHFA oversees rental housing developments in Connecticut that are subject to various compliance and reporting standards associated with their funding source. The Moderate Rental Housing Program was designed to offer low-interest loans, and/or grants to developers and owners of low and moderate- income rental housing. Recipients of funds under this program are required to regularly provide CHFA and/or DOH with documentation that demonstrates their compliance with specific financial, insurance, property, tenant and lease requirements.

The Moderate Rental Housing Program is subject to relevant state of Connecticut statutory and regulatory requirements, as well as the provisions of loan documents and/or Assistance Agreement(s) between the owner and the CHFA. All operating expenses must be paid from rents collected from the residents.

Some of the Compliance Reporting Requirements are as follows:

Questions? Contact your CHFA Asset Manager.

Financial

AFS_FAQs

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

CHFA-DOH_Budget-Interim_Workbook

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

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.

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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)

Insurance

State_Housing_Portfolio_-_Insurance_Requirements_for_Housing_Authorities

State-Sponsored Housing Portfolio - Insurance for Housing Authorities
This summary from DECD/DOH and CHFA sets forth the insurance requirements for Housing Authorities within the State-Sponsored Housing Portfolio that have not been subordinated to a CHFA Funding.

State_Housing_Portfolio_-_Insurance_Requirements_for_Non_Profit_and_Profit

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.

SHP-AgencyUpdate

State-Sponsored Housing Portfolio - Agency Update
This form requires owners of developments within the State-Sponsored Housing Portfolio to provide detailed information on their developments to CHFA every year.

SHPForm10-1-Commissioner_Directory_Form

State-Sponsored Housing Portfolio - Form 10-1 - Housing Authority's Directory
This form must be submitted annually to CHFA with current contact information for the Local Housing Authority Commissioner concerning any development within the State-Sponsored Housing Portfolio.

SHPForm_10-5_Profit__Non-Profit_Owner_Directory

State-Sponsored Housing Portfolio - Form 10-5 - Profit Non-Profit Owners Directory
This form must be submitted annually to CHFA with current contact information for the owner/sponsor, site administrator, accountant, auditor and management agent of a for-profit or non-profit development within the State-Sponsored Housing Portfolio.

SHP-PropertyInfo

State-Sponsored Housing Portfolio - Property Information
This form requires Housing Authorities with developments within the State-Sponsored Housing Portfolio to provide detailed information on their developments to CHFA every year.

 
 
 
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