Connecticut Housing Finance Authority Board of Directors Meeting Minutes 2026-05-21
Naugatuck Development Receives $1.44M LIHTC Reservation
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Description
CHFA reserved up to $1.44 million in 9% Low-Income Housing Tax Credits for Parcel B Phase Two LLC to develop a 60-unit affordable housing project in Naugatuck. The reservation is contingent on timely compliance by March 31, 2027.
Contract Details
Contract Amount
Up to $1,440,000 per annum in LIHTC
Vendor
PARCEL B PHASE TWO LLC
Agency
Connecticut Department of Housing, CT
Contract Type
FINANCIAL_SERVICES
Document Date
May 21, 2026
Contract Term
Annual tax credits for qualifying period; conditional compliance deadline March 31, 2027
Renewal Date
2027-03-31
Renewal Info
March 31, 2027 compliance deadline with potential extension by CEO for good cause.
Issuing Agency
Connecticut Department of Housing
Local Housing Authority
Hartford, CT
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Connecticut Housing Finance Authority Board of Directors Meeting Minutes 2026-05-21
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