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Federal Low-Income Housing Tax Credit (LIHTC) Program

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As the allocating agency for the Low-Income Housing Tax Credit (LIHTC) program in the state of Connecticut, CHFA is able to provide tax credits to developers who best meet the state’s criteria and goal of providing affordable housing to residents. In exchange for the tax credits and other tax benefits, investors provide equity that is used to acquire, rehabilitate or build new affordable housing.

The amount of tax credits allocated is related to the amount of program-eligible costs incurred and the percentage of affordable units created during the development process.

These LIHTCs are either allocated from the state credit ceiling or, for transactions utilizing tax-exempt bond financing, from a federal allocation pool.

9% LIHTCs

Connecticut's credit ceiling is limited to approximately $8.4 million annually. Therefore, requests for LIHTCs from the state ceiling, especially 9% LIHTCs, are awarded only through a highly competitive application process based on program set-asides, the point scoring system and the ranking process outlined in the Qualified Allocation Plan (QAP). These competitive funding rounds are usually scheduled each Fall with specific application deadlines announced by e-mail, press release, and on the CHFA website here.  

A Locational Guide Map utilizing Opportunity Characteristics is available for ease of self-scoring by clicking here.

This same mapping tool will be used by CHFA in the rating and ranking process for all development proposals to determine the points awards (if any) under the Opportunity Characteristics category.

To receive e-mail notifications of funding round announcements, funding announcements, informational sessions and other program information, go to "Stay in Touch with CHFA".

4% LIHTCs with Tax-Exempt Bond Financing

Applications for tax-exempt bond financing and 4% LIHTCs with no additional state subsidy are accepted at any time and evaluated on a non-competitive basis. Requests associated with other competitive resources through the Connecticut Department of Housing (DOH) will be evaluated by CHFA in conjunction with DOH’s competitive process.

All 4% LIHTC transactions are required to meet CHFA's Procedures, Policies, and Standards and Guidelines including, but not limited to, Section III.F of the QAP, CHFA’s Multifamily Design, Construction and Sustainability Standards and Construction Guidelines, and CHFA’s underwriting criteria.

Upon satisfactory review of CHFA’s required submissions for 4% LIHTC transactions, CHFA will issue a 42(m) letter confirming a development’s compliance with Section 42 of the IRS Code and its eligibility for non-per-capita LIHTCs to be allocated by the state of Connecticut. For more information regarding the submission requirements to receive a 42(m) letter, please click here.

How To Apply

Developers may apply for the LIHTCs by submitting a CHFA/DOH Consolidated Application through a SharePoint website.  At your request, a SharePoint website will be set up for your application.  Click here for more information about the CHFA/DOH Consolidated Application and the SharePoint Set-up Instructions.

LIHTC Compliance Monitoring

CHFA is the allocating and compliance agency for the LIHTC program in the state of Connecticut. For more information on CHFA’s compliance monitoring, please click here.

Current QAP, General Info & Forms

2017_LIHTC_Qualified_Allocation_Plan_(QAP)

2017 - LIHTC Qualified Allocation Plan (QAP) - FINAL
This QAP was approved by Governor Malloy on July 19, 2017.

2017_Supportive_Housing_Guideline

2017 - Supportive Housing Guideline
Written for owners and developers of affordable multifamily housing with funding from CHFA and/or DOH.

CostCertificationWorkbook-April_2017

2017 - Cost Certification Workbook
This form is to be used by CPAs to prepare and submit the General Contractor's and Mortgagor's LIHTC Cost Certifications to CHFA.

Dev_Team_Member_Capacity

Development Team Member Current Assignments form
To be completed by the Applicant, General Partner, Developer, Co-Sponsor, Architect, Development Consultant, General Contractor, Property Manager, and Supportive Service Provider.

StateBondCommissionReviewGuidelinesUpdate05-14

State Bond Commission Guideline
This document is applicable to all entities seeking an allocation of Private Activity Bonds ("PAB") from the Office of Policy and Management ("OPM"). OPM refers to CHFA for review of proposals.

Applicant Lists & Awards

Archived

2016_CHFA_Opportunity_Guideline

2016 - Opportunity Characteristics Guideline
Intended to inform Opportunity Areas for purposes of scoring incentives identified in the 2016 LIHTC Qualified Allocation Plan (QAP), and other programs as may be necessary.

Appraisal_Market_Study_Guidelines_2016

2016 - Appraisal Market Study Guidelines
The intent of these Guidelines is to provide an overview with respect to measuring and evaluating the value of real estate being considered for CHFA mortgage financing and/or an allocation of LIHTCs.

Supportive_Housing_Guideline_2016

2016 - Supportive Housing Guideline
For owners and developers of affordable multifamily housing with funding from CHFA and/or DOH, to provide information necessary to include permanent supportive housing units in their developments.

Locational_Guide_Map_link

2016 - Opportunity Characteristics Guideline Locational Guide Map
Intended to inform Opportunity Areas for purposes of scoring incentives identified in the 2016 LIHTC Qualified Allocation Plan (QAP), and other programs as may be necessary.

LIHTC_-_2016_Qualified_Allocation_Plan

2016 - LIHTC Qualified Allocation Plan
This QAP was approved by Governor Malloy on August 8, 2016.

LIHTC_-_2015_Qualified_Allocation_Plan

2015 - LIHTC Qualified Allocation Plan
This QAP was approved by Governor Malloy on August 27, 2015.

2014_FINAL_QAP_2014-08-28

2014 - LIHTC Qualified Allocation Plan
This QAP was approved by Governor Malloy on September 26, 2014.

2013_FINAL_QAP_2013-08-13

2013 - LIHTC Qualified Allocation Plan
This QAP was approved by Governor Malloy on August 16, 2013.

 
 
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