The Connecticut Housing Finance Authority (CHFA) requires that applicants for CHFA-funded multifamily mortgages and Low-Income Housing Tax Credits (LIHTCs) commit to undertaking good faith efforts to hire or train very low-income persons from the area of housing constructed or rehabilitated with CHFA funding. This requirement will apply when i). multifamily developments are constructed or acquired and rehabilitated with funds provided through bond issuance, Investment Trust Account (ITA) proceeds and/or LIHTCs, and ii). budgeted hard costs equal or exceed one million dollars. CHFA-funded developments otherwise required to comply with Section 3 of the Housing and Community Development Act of 1968 or a local government hiring program will be deemed in compliance with this policy.
Please find the materials below for information regarding the requirements for compliance with this policy.
Very Low Income Policy
VLI Construction Employment Status Report
VLI HUD Form 60002
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