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CHFA urges full funding for Build for CT, Time to Own in governor's FY26-27 bonding plan
Summary
Connecticut Housing Finance Authority told the Finance, Revenue and Bonding subcommittee the governor's proposed $300 million for the Housing Trust Fund and $100 million for the Time to Own program are needed to keep housing production and down-payment assistance moving amid high demand.
Connecticut Housing Finance Authority Chief Executive Officer Nandini Natarajan told the Finance, Revenue and Bonding subcommittee on March 24 that the governor's recommended capital authorizations for the FY26-27 biennium would sustain Connecticut's recent progress on affordable rental production and first-time homebuyer assistance. "With $300,000,000 for the Housing Trust Fund and $400,000,000 for the affordable housing program, FLEX, the governor's biannual budget promises to continue the state's historic investments to address the shortage of affordable housing in Connecticut," Natarajan said.
Why it matters: CHFA administers or partners on multiple programs that plug financing gaps for multifamily rental developments and supply down-payment assistance for buyers. Subcommittee members pressed CHFA for details about current balances and program demand; Natarajan answered with program-by-program totals and said some funds are close to reservation or expenditure.
Key details and CHFA numbers
- Housing Trust Fund (HDF) and FLEX:…
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