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Tax Credit Programs

Overview

The Connecticut Housing Finance Authority (CHFA) administers the federal “Low-Income Housing Tax Credit" (LIHTC) program and the state “Housing Tax Credit Contribution" (HTCC) program.  The programs were created by Congress and the state Legislature to facilitate and encourage the creation and preservation of affordable rental housing nationally and in Connecticut.   

In general, these programs allocate tax credits that significantly reduce the tax liability of developers and investors of rental housing.   In exchange for these tax credits, developers and owners are required to provide and maintain lower cost rental units in their housing developments.   

Follow the links below to learn more about how these programs work.

Apply under the LIHTC program to receive federal tax credits for developments that agree to provide low-income housing for a minimum of 15 years.

Apply under the HTCC program to receive up to $500,000 annually in state tax credits if you are a non-profit corporation housing developer, sponsor or manager.

Learn about the compliance and reporting requirements associated with the LIHTC program.