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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. |
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| Contact: Sheila Stone |
| Phone: (860) 571-4237 |
| Email: Sheila.stone@chfa.org |
| Website: http://www.chfa.org/TaxCredits/taxcredits.asp |
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| 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. |
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| State Housing Tax Credit Contribution Program (HTCC) |
| Agency: Connecticut Housing Finance Authority |
| Purpose: To provide an incentive to businesses to support affordable housing |
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| Contact: Sheila Stone |
| Phone: (860) 657-4504 |
| Email: Sheila.stone@chfa.org |
| Website: http://www.chfa.org/TaxCredits/taxcredits.asp |
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| 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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