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Connecticut Housing Finance Authority recognized by global green USA for building environmentally friendly affordable housing

The national environmental organization awards CHFA an A- for green building strategies that lower energy bills, improve indoor air quality and reduce operating costs.

Date Posted: Tuesday, December 13, 2016
 

ROCKY HILL, Conn., December 07, 2016 – A new report by Global Green USA awards the Connecticut Housing Finance Authority (CHFA) an “A-” for building strategies included in the State of Connecticut’s Qualified Application Plan, (QAP) and CHFA’s Multifamily Design, Construction and Sustainability Standards and Guidelines that result in energy-efficient housing that costs less to operate. To receive financing or tax credits from CHFA, multifamily developments must be designed and built to these standards.

“CHFA works with developers to build housing that is energy-efficient, cost-effective, safe and comfortable. We are pleased to be recognized by Global Green for investing in quality housing that is built with the well-being of residents and our environment in mind,” said Karl Kilduff, executive director of CHFA.

Global Green analyzed affordable housing developments overseen by state agencies and financed using federal Low-Income Housing Tax Credits. Grading was based on four criteria: smart growth, energy-efficiency, resource conservation and health protection.

CHFA was among 11 states to receive a top score. The 2016 Global Green Report shows that the adoption of green building measures continues to grow nationwide. “In 2016, nearly three-quarters of all state agencies incorporated smart growth principles and energy efficiency standards into their Qualified Allocation Plans (QAPs) that determine how tax credits can be allocated for affordable housing developers, the majority of funding for such projects nationwide. Over half of the state’s QAPs now include resource conservation and health protection strategies,” said Global Green Vice President Walker Wells.

CHFA’s Standards exceed the State’s building code requirements for building, sealing and insulation, and HVAC system efficiency, and meet ENERGY STAR® requirements for appliances, lighting and controls. Over the last six years, CHFA has continued to refine and develop its Multifamily Design, Construction and Sustainability Standards to incorporate elements of nationally recognized green residential rating systems like ENERGY STAR, LEED (Leadership in Energy and Environmental Design) , and the National Green Building Standard.

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The Connecticut Housing Finance Authority (CHFA) was created in 1969 by the Connecticut Legislature as a self-supporting quasi-public housing agency charged with expanding affordable housing opportunities for the state’s low- and moderate-income families and individuals. CHFA has helped more than 135,000 Connecticut individuals and families become homeowners through its low-interest single-family mortgage programs. In addition, CHFA has financed the creation of nearly 40,000 affordable, rental units throughout the state. To date, the combined mortgage financing for CHFA’s single-and multifamily housing programs exceeds $11 billion. For more information: http://www.chfa.org