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CHFA committee recommends extra funding for Habitat for Humanity loan purchase program
Summary
On April 23 the CHFA Finance/Audit Committee unanimously recommended that the Board consider a resolution authorizing additional funding for the Habitat for Humanity Loan Purchase Program; the minutes do not specify the funding amount.
The Connecticut Housing Finance Authority's Finance/Audit Committee voted April 23 to recommend that the CHFA Board of Directors approve additional funding for the Habitat for Humanity Loan Purchase Program.
CHFA Chief Financial Officer Hazim Taib presented a resolution seeking supplemental funding for the program and outlined the request to the committee. Philip DeFronzo moved to recommend the resolution to the Board; Commissioner Jorge Perez seconded. The committee voted unanimously to forward the recommendation. The minutes record the committee's unanimous recommendation but do not list individual roll-call votes nor do they state the dollar amount requested.
The recommendation advances the proposal to the full CHFA Board for formal consideration and any subsequent approvals required to allocate funds. The minutes do not provide implementation details, such as the funding source, timing of disbursement, or program targets.
Committee discussion on the resolution is reflected in the minutes but verbatim exchanges are not provided. Any Board action, including specific funding amounts or conditions, would be recorded in Board minutes if and when the Board acts.
