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Article Archives: Connecticut
Connecticut Announces New Affordable Housing Investment Opportunity
The Non-Profit Site Acquisition program leverages public and private funds and offers a new investment opportunity for financial institutions. The program will be funded through the sale of taxable bonds in which banks may invest. The rate on these bonds will be 1.5 percent, and the term of the bonds is five years. The fund will be administered by an intermediary organization, responsible for allocating the funds to the nonprofits that will acquire and develop properties. The selection of the intermediary organization is expected to occur by late summer, with the program ready for implementation in the fall of 2006.
For further information, contact Connecticut Housing Finance Authority at (860) 721-9501 or check out the organization's Web site at www.chfa.org.
Connecticut Loan Fund Receives Grant
For further information on the Fund's projects or to learn how to make an investment, contact the Greater New Haven Community Loan Fund at (203) 789-8690.