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CHFA Finance/Audit Committee reviews Series C bond sale, May financials and audit update; approves April minutes
Summary
The Connecticut Housing Finance Authority Finance/Audit Committee heard a Wells Fargo briefing on the 2025 Series C bond sale, reviewed May financial, production and delinquency reports, received a midyear internal audit update, and unanimously approved the April 24, 2025 meeting minutes before adjourning.
Deputy Treasurer Sarah Sanders called the Connecticut Housing Finance Authority (CHFA) Finance/Audit Committee to order at 9:00 a.m. on June 26, 2025, and confirmed a quorum.
Nick Fluehr of Wells Fargo, introduced by CHFA Chief Financial Officer Hazim Taib, summarized the results of CHFA’s 2025 Series C bond sale and fielded questions from committee members. The transcript records that the committee discussed the sale results; the meeting excerpt does not include bond amounts, interest rates, or underwriting specifics.
Hazim Taib then presented CHFA’s financial reports for May 2025. Committee members discussed the month’s financial position and metrics; the provided transcript excerpt notes the discussion but does not specify numerical results in the record.
John Chilson, Senior Director of Portfolio Management, presented May production and delinquency reports for CHFA’s single-family and multifamily programs. Committee members raised questions about program performance; the transcript does not include production counts or delinquency percentages in the excerpt.
Joyce Ciampi, Director of Internal Audit, summarized internal audit activities for the first half of 2025 and responded to committee discussion. The excerpt does not include detailed findings or recommendations.
Deputy Treasurer Sarah Sanders asked for a motion to approve the minutes of the April 24, 2025 Finance/Audit Committee meeting. Jerry Abrahams moved to approve, Jorge Perez seconded, and the committee voted unanimously to approve the minutes. Following that action, Deputy Treasurer Sanders moved to adjourn; the meeting ended by unanimous consent at 9:45 a.m.
Meeting participation listed Jerry Abrahams, Philip DeFronzo, Jorge Perez (Banking Commissioner), Franklin Perry II and Deputy Treasurer Sarah Sanders (representing State Treasurer Erick Russell) as present, with Timothy Hodges, Catherine MacKinnon and Chelsea Ross recorded as absent.
