Bristol Homes, Bristol
The Connecticut Housing Finance Authority (CHFA) allocates up to $10 million annually in state tax credits under the Housing Tax Credit Contribution (HTCC) program.
Private businesses can purchase the tax credits and apply them to their corporate tax and nonprofit developers can use the funds to develop affordable housing in Connecticut.
Funding from HTCCs awarded in 2022 supported the development and/or provided gap financing to 23 developments fostering 1,048 rental units.
The HTCC program not only supports CHFA’s mission of providing residents with high-quality affordable housing, but it also promotes lasting relationships between nonprofit developers and the business community.
| Affordable Homeownership Development Project, New Haven 10 units of family housing awarded $500,000 |
| Bristol Homes Phase 2, Bristol 3 units of family housing awarded $261,800 |
| Capital for Change Loan Pool, various locations TBD units of family housing awarded $500,000 |
| The Towers at Tower Lane, New Haven 328 units of elderly housing awarded $500,000 |
| 33 Ocean Avenue, New London 3 units of family housing awarded $350,000 |
| Crescent Crossing 1C, Bridgeport 85 units of family housing awarded $500,000 |
| Hartford Community Loan Fund, various locations TBD units of family housing awarded $500,000 |
| Wellington at Madison, Madison 31 units of family housing awarded $500,000 |
| HFHNCC Rainbow Road, Windsor 4 units of family housing awarded $499,171 |
| Mystic River Homes – The Cottages, Noank (Groton) 46 units of elderly housing awarded $420,000 |
| Brookside Commons aka Pequot Apartments, Waterford 40 units of family housing awarded $500,000 |
| Community of Hope Expansion Project, Groton 12 Single Room Occupancy (SRO) units awarded $151,005 |
| Multi-Family Rehab Project, Norwich 67 units of family housing awarded $500,000 |
| Sherman Avenue Rehab Initiative – 2022, New Haven 7 units of family housing awarded $500,000 |
| Habitat for Affordable Homeownership 2022, Bridgeport 2 units of family housing awarded $200,000 |
| ECC Group II RAD 9%, New Haven 40 units of family housing awarded $500,000 |
| South End Homeownership Initiative, Bridgeport 8 units of family housing awarded $500,000 |
| Village at Park River IV, Hartford 60 units of family housing awarded $500,000 |
| 164-166 Bartholomew Avenue, Hartford 10 units of family housing awarded $450,000 |
| Northside Terraces, Torrington 92 units of family housing awarded $500,000 |
| Willow Street Apartments, Waterbury 33 units of family housing awarded $500,000 |
| Terry Court, Willimantic (Windham) 68 units of family housing awarded $500,000 |
| Enfield Manor + Extension, Enfield 99 units of elderly housing awarded $337,921 |
