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CHFA Mortgage Committee recommends up to $16.37M in financing for 2980 State Street in Hamden
Summary
The Connecticut Housing Finance Authority Mortgage Committee voted unanimously June 24 to recommend that the CHFA Board consider a resolution to provide up to $16,370,000 in tax‑exempt bond and Opportunity Fund loan proceeds to finance 2980 State Street, a multifamily project in Hamden.
The Mortgage Committee of the Connecticut Housing Finance Authority voted unanimously June 24 to recommend that the CHFA Board of Directors consider a resolution to finance 2980 State Street in Hamden, Connecticut, using tax‑exempt bond and Opportunity Fund loan proceeds not to exceed $16,370,000.
Michelle Onofrio, Underwriting Lead — Multifamily at CHFA, presented the resolution authorizing the aggregate principal amount and described the financing proposal. Committee members discussed the item after the presentation; no additional financing amounts or material amendments were recorded in the minutes.
Committee member Gregory Ugalde moved to recommend the resolution and Commissioner Seila Mosquera‑Bruno seconded the motion. The Mortgage Committee members present voted unanimously to forward the financing resolution to the CHFA Board for consideration. Chair Heidi DeWyngaert then asked members to consider the committee minutes from May 28, 2025; those minutes were approved by unanimous consent following a motion by Ugalde and a second by Mosquera‑Bruno.
The meeting record notes CHFA Managing Director of Multifamily Pasquale Guliano as a participant in the discussion. With no further business, the committee adjourned at 1:18 PM. The Board will receive the committee's recommendation at a subsequent Board meeting; the minutes record does not specify a Board meeting date or any additional conditions attached to the recommendation.
