Notice of Funding Availability – Competitive Housing Assistance for Multifamily Properties (CHAMP)

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By RealEstateRama -

WASHINGTON, D.C. – February 24, 2012 – (RealEstateRama) — The Department of Economic and Community Development (DECD) is pleased to announce a Notice of Funding Availability (NOFA) which is directed to owners of either existing affordable and/or workforce multifamily rental developments or developers of proposed new affordable and/or workforce multifamily rental developments seeking State General Obligation Bond Funds issued by DECD to be utilized as gap funding for various HUD, Connecticut Housing Finance Authority (CHFA), and other privately and publicly financed development proposals.

The NOFA, in its entirety, is attached as well as the CHAMP program outline and the rating criteria.  The NOFA refers to the use of the CHFA/DECD Consolidated Application version 4.  For your convenience, we have also attached that and the instructions for it.

These items are also available on DECD’s website at www.decd.org.

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