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CHFA committee backs preparations for 2026 Series M bond sale
Summary
The CHFA Finance/Audit Committee on April 23 recommended that the Board approve preparations for a 2026 Series M bond sale to support the Housing Mortgage Finance Program; the committee's recommendation was unanimous, with no individual roll-call recorded in the minutes.
The Connecticut Housing Finance Authority's Finance/Audit Committee voted April 23 to recommend that the CHFA Board of Directors authorize preparations for a 2026 Series M bond sale to support the CHFA Housing Mortgage Finance Program.
Hazim Taib, CHFA chief financial officer, presented the resolution authorizing staff to commence necessary preparations for the Series M bond sale and invited committee discussion. Deputy Treasurer Sarah Sanders moved to recommend the resolution to the Board; Catherine MacKinnon seconded. Chairperson Jerry Abrahams called for the vote and the committee voted unanimously to recommend the resolution. The minutes record the vote as unanimous but do not provide an individual roll-call or a dollar amount or structure for the Series M issuance.
The recommendation sends the resolution to the full CHFA Board for consideration and any subsequent approvals required to proceed with offering documents, pricing and sale. The minutes do not specify timing for the Board decision or the expected size or final structure of the Series M offering.
The committee also discussed related financing and portfolio considerations during the presentation; committee members and staff asked questions of CHFA finance staff but the minutes do not provide verbatim exchanges. The Board will receive the committee's recommendation for its next meeting, where any formal approvals, pricing decisions or further conditions would be recorded.
