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CHFA committee recommends extending credit facility authorization with Federal Home Loan Bank of Boston
Summary
The Finance/Audit Committee voted Feb. 19, 2026 to recommend to the Board an amendment extending the authorizing resolution for CHFA’s credit facility with the Federal Home Loan Bank of Boston through Feb. 28, 2029.
Deputy Treasurer Sarah Sanders presided over the Connecticut Housing Finance Authority Finance/Audit Committee meeting on Feb. 19, 2026, where Hazim Taib, CHFA chief financial officer, presented a resolution to extend the expiration date of the authorizing resolution for CHFA’s credit facility with the Federal Home Loan Bank of Boston to Feb. 28, 2029.
Following discussion that the minutes record but do not detail, Philip DeFronzo moved to recommend the amendment to the Board of Directors; Catherine MacKinnon seconded. The committee voted unanimously to recommend the resolution for Board consideration.
The action at the committee level was a recommendation to the Board of Directors; the minutes do not record a Board decision on the matter. The minutes also do not include the staff or legal analysis referenced during discussion, if any, or any vote roll-call beyond noting unanimous approval by members present.
The recommended extension would, if adopted by the Board, change the authorization timeline for CHFA’s existing credit arrangement with the Federal Home Loan Bank of Boston to Feb. 28, 2029. The minutes do not specify implementation details, covenants or dollar amounts tied to the facility; those details would appear in the Board materials or the authorizing documents if the Board acts.
The Board of Directors will consider the committee’s recommendation at a subsequent Board meeting.
