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CHFA authorized amendment to State‑Sponsored Housing Portfolio memorandum to extend administration term
Summary
CHFA authorized its CEO to amend the Memorandum of Agreement with the Connecticut Department of Housing to extend administration of the State‑Sponsored Housing Portfolio through June 30, 2028 (with option to extend to 2031) and to make other necessary modifications to administer the portfolio.
The Connecticut Housing Finance Authority on June 26 approved a resolution authorizing its Chief Executive Officer - Executive Director to enter into an amendment to the Memorandum of Agreement with the Connecticut Department of Housing for administration of the State‑Sponsored Housing Portfolio (SSHP).
The resolution extends the term of the Memorandum through June 30, 2028, with an option for the CEO to further extend it through June 30, 2031 if additional amendment is determined to be in the Authority’s best interest. The CEO is also authorized to make other modifications and amendments necessary for the development and preservation of quality affordable housing under the SSHP.
Pasquale Guliano presented the proposed amendment to the Board; the measure passed unanimously on roll call.
