FINANCIAL_SERVICESAMENDED

Connecticut Housing Finance Authority Minutes 2026-04-23

CHFA Amends Financing for Curtis Cofield II Estate

$780,091; $655,000; $719,909 (Subordinate Loans) and up to $6,200,000 Permanent Loan CommitmentConnecticut Housing Finance AuthorityWEST RIVER HOUSING COMPANY LLCApril 23, 2026

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Description

The CHFA Board amended financing terms for West River Housing Company LLC’s Curtis Cofield II Estate project in New Haven, aligning subordinate loan terms with the permanent mortgage and extending the closing deadline to February 28, 2027. The financing package includes subordinate loans totaling approximately $2.15 million and a permanent loan commitment of up to $6.2 million.

Contract Details

Contract Amount

$780,091; $655,000; $719,909 (Subordinate Loans) and up to $6,200,000 Permanent Loan Commitment

Vendor

WEST RIVER HOUSING COMPANY LLC

Agency

Connecticut Housing Finance Authority, CT

Contract Type

FINANCIAL_SERVICES

Document Date

April 23, 2026

Contract Term

Subordinate loans’ term made coterminous with Authority’s permanent loan financing; permanent loan commitment extended to close by February 28, 2027

Renewal Date

2027-02-28

Renewal Info

Failure to close by February 28, 2027 renders the authorization void, though the CEO may extend the deadline upon good cause and payment of applicable fees. Prior resolutions from 2023 govern original terms.

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