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Low-Income Housing Tax Credit Program (LIHTC)
Agency: Connecticut Housing Finance Authority
Purpose: Provide incentives to developers to build affordable housing.
Contact: Sheila Stone
Phone: (860) 571-4237
Email: Sheila.stone@chfa.org
Website: http://www.chfa.org/TaxCredits/taxcredits.asp
Type of Assistance: Tax Credits
Authority: Federal - Section 42 of the IRS Tax Code
Description
Provides tax credits for development of affordable housing: 9% credits are competitive & 4% are not. They are allocated through a Governor-approved plan. LIHTC is largest federally funded housing program.
State Housing Tax Credit Contribution Program (HTCC)
Agency: Connecticut Housing Finance Authority
Purpose: To provide an incentive to businesses to support affordable housing
Contact: Sheila Stone
Phone: (860) 657-4504
Email: Sheila.stone@chfa.org
Website: http://www.chfa.org/TaxCredits/taxcredits.asp
Type of Assistance: Tax Credit
Authority: CGS Sec. 8-395
Description
Provides tax credit vouchers for businesses making cash contributions to non-profit corporations that develop, sponsor, or manage housing programs which benefit low and moderate income individuals and families. A component supports workforce housing.

 

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