Habitat for Humanity
Habitat for Humanity (HFH), a global nonprofit housing organization with a vision of a world where everyone has a decent place to live, works in local communities across all 50 states. Habitat homeowners help build their homes alongside volunteers and pay an affordable mortgage.
CHFA supports HFH by purchasing HFH mortgages, enabling HFH to recycle funds to continue its critical work in providing affordable housing to first-time homebuyers. In 2022, CHFA purchased two loans from Habitat for Humanity.
Development Engagement Process (DEP)
In collaboration with the Department of Housing (DOH), CHFA is processing 50 preliminary applications. All applicants will receive an invitation to address their proposals with DOH and CHFA. Proposed projects include new construction and preservation and utilize a wide range of financing including Low-Income Housing Tax Credits.
Interagency Council for Supportive Housing and Homelessness (ICSHH)
Since 1993, the State of Connecticut has been active in implementing supportive housing through the Interagency Council for Supportive Housing and Homelessness (ICSHH), a unique collaboration of public and private organizations. ICSHH’s membership includes CHFA, the Office of Policy and Management (OPM), and the State of Connecticut Departments of Children and Families (DCF), Correction (DOC), Developmental Services (DDS), Housing (DOH), Mental Health and Addiction Services (DMHAS), Social Services (DSS), Veterans Affairs (DVA), the Judicial Branch Court Support Services Division (CSSD), as well as the Corporation for Supportive Housing (CSH), a private non-profit.
The Interagency Council for Supportive Housing and Homelessness (ICSHH) meets regularly to address the needs and priorities of the State related to ending homelessness, the needs of young adults and families, as well as individuals re-entering communities, including persons with severe mental health needs or substance abuse disorders who are community-supervised offenders, and those who are living in shelters or those who are unsheltered homeless.
ICSHH member agencies continue to work together to secure and implement federal funding for supportive housing opportunities and to develop
demonstration programs that meet specific special needs populations.
The following developments, granted 9% LIHTC’s in 2022, feature supportive housing units:
- Oak Woods Apartment, Terryville – 12 units
- Cedar Pointe II, Newington – 8 units
- Village at Park River V, Hartford – 12 units
- Crescent Crossing 1C, Bridgeport – 17 units
- State + Chapel Development, New Haven – 16 units
Additionally, work is nearing completion on a Report on Supportive Housing Compliance and Outcomes. The report will go to developments with supportive housing units to ensure compliance.
Capital Magnet Fund
Funded through the U.S. Department of the Treasury, the Capital Magnet Fund (CMF) provides grants to eligible organizations to generate additional investment in affordable housing and economic development. Out of the projects approved for assistance by CHFA multifamily programs and products in 2022, including those that successfully reached their initial closing, the following three developments received funding from Capital Magnet Funds:
- Hill Central Phase I, New Haven – $1,000,000
- Antillean Manor, New Haven – $500,000
- Clifford House, Bridgeport – $200,000
CHFA’s Small Multifamily CDFI Loan Pool
The Small Multifamily CDFI Loan Pool consists of low-cost capital provided by CHFA and the State of Connecticut Office of Policy and Management for the redevelopment or rehabilitation of vacant or blighted small multifamily/mixed-use rental properties with 3 to 20 units.
Hartford Community Loan Fund (HCLF) and Capital for Change (C4C) are the leading participants in the program. Since its inception in 2014, they have utilized over $10 million to finance the rehabilitation of 69 properties consisting of 274 rental units.
Of the loans originated in the small multifamily program by C4C, 66% of borrowers were people of color. The HCLF reports higher numbers of borrowers of color in their small-multi portfolio at 85%.
The CHFA Board of Directors has reauthorized the program through January 2024. The reauthorization includes an expansion to make two-unit multifamily dwellings eligible for program financing and to include multifamily homes that are not deemed blighted but need rehabilitation.
