Competitive Housing Assistance for Multifamily Properties (CHAMP)
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The National Low Income Housing Coalition is providing this data as a public service. NLIHC will continue to update the database. The accuracy of the data is based on information provided by the programs' administrators and user submissions.
Through the Competitive Housing Assistance for Multifamily Properties (CHAMP) initiative, the Department of Housing (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 both. 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 (LIHTC) and taxable and/or tax exempt bond financing. The majority of projects serve households with incomes of 25-60% of the area median income (AMI).
The program is state-funded. in FY!3, $25 million were allocated. In 2015, $22 million was allocation in March with another award expected in September. CHAMP can be funded from the Flexible Housing Fund, Housing Trust Fund, Housing Repayment and Revolving Loan Fund, and/or the federal HOME program.
Contact: Michael Santoro, Connecticut Department of Housing, 860-270-8224, [email protected]