Connecticut Housing Finance Authority (CHFA) Executive Director Karl Kilduff and CHFA Board Chairwoman and Department of Housing (DOH) Commissioner Evonne M. Klein, announced that CHFA’s Board of Directors has approved $7.1 million in Federal 9% Low Income Housing Tax Credits (LIHTCs) to six proposed affordable multifamily housing developments. These developments will result in 320 affordable rental units and 65 market rate units. The $7.1 million in LIHTCs are expected to generate more than $70 million private equity for the developments. The development of these properties is projected to generate 527 jobs and $175,680 million in economic activity.
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