Competitive Housing Assistance for Multifamily Properties (CHAMP)
Through the Competitive Housing Assistance for Multifamily Properties (CHAMP) initiative DOH provides gap funding to owners of existing developments and developers of proposed new developments to increase the supply of safe, decent and affordable housing in Connecticut. Through this initiative, DOH seeks to leverage non-State funds to catalyze the creation and/or preservation of affordable multifamily housing to promote healthy lives, strong communities and a robust economy. DOH funds may be provided in the form of grants, loans or a combination thereof. In addition, funds awarded under this initiative may be combined with financial assistance from the Connecticut Housing Finance Authority, including 4% low-income housing tax credits and taxable and/or tax exempt bond financing.
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Content Last Modified on 2/24/2017 12:54:53 PM