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CHFA Plans To Sell $86 Million In Tax Exempt Bonds To Create And Preserve Multifamily Affordable Rental Housing

CHFA’s bonds are AAA/Aaa rated by S&P and Moody’s

Date Posted: Monday, June 27, 2016
Rocky Hill, Conn., June 27, 2016 – The Connecticut Housing Finance Authority (CHFA) plans to offer up to $86 million in Tax Exempt Bonds; $63 million as fixed rate bonds on June 28 and $23 million as variable rate on July 13. Proceeds from the sale will finance four affordable multifamily rental developments: Kensington Square I in New Haven, Pine Tree Apartments in Fairfield, The Lofts at Ponemah Mills in Norwich and Zbikowski Park in Bristol, totaling 376 units with 325 units available for renters earning 60% Area Median Income or below. The bonds will provide construction and permanent financing for these developments and refund prior high-interest rate bonds. (see attached for full release)


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