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CHFA authorizes up to $34.5M in 2026 bond sales to fund mortgage lending programs
Summary
Directors authorized negotiated bond sales across three series — Series P ($12.5M), Series Q ($19M) and Series R ($3M) — to support CHFA’s Housing Mortgage Finance Program, including authorization for interest-rate swaps, official statement execution, and delegation of final sale terms to senior staff.
At its July 23 meeting, the Connecticut Housing Finance Authority adopted resolutions authorizing bond sale parameters to support the Housing Mortgage Finance Program across three series. The board authorized 2026 Series P in an aggregate amount not to exceed $12,500,000, Series Q not to exceed $19,000,000 and Series R not to exceed $3,000,000, for a combined not-to-exceed total of $34,500,000 to fund mortgage lending, refinance activity, and to reimburse interim expenditures.
Each series resolution delegates authority to the Chief Executive Officer – Executive Director and the Chief Financial Officer to finalize sale dates, execute Official Statements and underwriting commitments, negotiate swap agreements as needed and determine final bond amounts and maturities within the authorized caps. U.S. Bank Trust Company, National Association was named as Paying Agent; staff were authorized to select underwriters and to form a Sale Committee if senior staff are unavailable.
