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CHFA committee recommends up to $150 million in housing revenue bonds to Board
Summary
The CHFA Finance/Audit Committee voted unanimously March 19, 2026 to recommend that the Board consider a resolution authorizing up to $150,000,000 in housing revenue bonds under a general trust indenture to finance multifamily and homeownership program loans.
The Finance/Audit Committee of the Connecticut Housing Finance Authority voted March 19, 2026 to recommend that the full Board consider a resolution authorizing CHFA to issue up to $150,000,000 in housing revenue bonds under a general trust indenture to finance multifamily and homeownership program loans. Hazim Taib, CHFA chief financial officer, presented the bond authorization proposal to the committee.
Sarah Sanders, deputy treasurer representing State Treasurer Erick Russell, moved that the committee recommend the resolution to the Board of Directors. Catherine MacKinnon, vice chairperson of the CHFA Board of Directors, seconded the motion. The committee members voted unanimously to forward the resolution to the Board for consideration.
The resolution as presented would authorize issuance of housing revenue bonds under a general trust indenture to support financing for CHFA multifamily and homeownership programs. The transcript records the amount as "up to $150,000,000." The committee’s action on March 19 was a recommendation to the Board; the transcript does not record final Board approval or any Board vote.
Next steps: the Board of Directors will consider the recommended resolution at a future Board meeting (not specified in the transcript).
