CHFA is a self-funded, quasi-public organization. Its mission is to alleviate the shortage of housing for low and moderate income families and persons in this state, and when appropriate, to promote or maintain the economic development of this state through employer-assisted housing efforts.
Relationship to the State Government: Quasi-Public Agency
Current Staff Size: 130
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1969
CHFA is established.
1972
Issued its first bonds.
1979
Hits $1 Billion in bonds.
1986
CHFA becomes the state allocator for the LIHTCs.
1994
Continuous Funding for single-family mortgages launched.
2001
Received AAA/Aaa designation from ratings agencies.
Total Financing Provided Since 1969
Rental Units Serviced Since 1973
Homeowners Served Since 1969
Signature Program
CHFA Homebuyer Program and DAP
CHFA’s first-time homebuyer mortgages and Downpayment Assistance Program (DAP) have helped over 146,000 people become homeowners. In a high cost state, buying a first home is challenging, but CHFA’s low interest rates and down payment assistance help borrowers overcome the obstacles. CHFA’s homebuyer education helps borrowers make confident decisions and begin building wealth through homeownership.
Mortgages: 146,000
Future Focus
Nandini Natarajan
Executive Director
“CHFA is focused on expanding high-quality housing choices for low- and moderate-income households in both urban and non-urban areas. We tend to think it is a consumer choice where to live. However, the reality is there are real barriers to which towns or neighborhoods people can live. We have to rise and meet this challenge.”
HASIP Basic Needs Pantry Program
CHFA’s Housing Authority Small Improvement Program (HASIP) provides funding for projects that improve the quality of life for residents living in Housing Authority properties. During the COVID-19 pandemic, Housing Authorities used the funds to create on-site “Basic Needs Pantries,” providing food and necessities to homebound residents. In addition to non-perishable foods, pantries were stocked with other items (hand sanitizer, toilet paper, etc.) that were hard to find due to COVID-19.
