CHFA Mission

To alleviate the shortage of housing for low-to moderate-income families and persons in this state and, when appropriate, to promote or maintain the economic development of this state through employer-assisted housing efforts.

Since 1969, CHFA’s below-market interest rate mortgages have made homeownership possible for more than 147,000 first-time homebuyers and, working alongside developers of affordable multifamily rental housing, financed more than 58,000 units of new or rehabilitated apartments.
As Connecticut continues to assess the impact of COVID-19, efforts are underway to evaluate and address the myriad of ways the pandemic has affected housing stability and affordability for residents across the state.
The following summary highlights solutions to many of those challenges, from the groundbreakings and grand openings of new housing opportunities to the development of a historic homeowner hardship relief program.


From the desk of Governor Ned Lamont:

As Governor of the State of Connecticut, I am proud to accept the 2021 Annual Report from the Connecticut Housing Finance Authority.
The Connecticut Housing Finance Authority has weathered many storms throughout its 50+ years, from the sub-prime crisis in 2007-2008, the recession of the 80’s, and the COVID-19 pandemic of late.
We are living in a unique time and despite the challenges, the leaders and dedicated staff of CHFA stood firm, ardent, and unwavering – never losing sight of its mission to help Connecticut residents obtain safe, quality, and affordable housing.
I stand beside CHFA as they celebrate their accomplishments as outlined herein this report. As seen in the ribbon cuttings and ground breakings, CHFA’s achievements are the direct result of collaborative efforts with strong partners and state leadership.
While 2021 was a year of changing, adapting and re-connecting, the enigma of the pandemic, while still in the rear-view mirror, is starting to distance itself from the road ahead.

Letter from the Board Chairperson and the Executive Director:

As 2021 has come to a close and we take stock of the year, we continue to be inspired by the resiliency of the countless partners, stakeholders and colleagues who make our work possible. In many ways, the year was characterized by a reopening and return to those moments when we celebrated the impact affordable housing has on people’s lives. Whether it was turning over a shovel of dirt at a groundbreaking or cutting the ribbon at a grand opening ceremony or reuniting with familiar faces at an outreach event, the past year has been both encouraging and humbling.
It has been encouraging because we have seen that, despite all that we face in these challenging times, the determination to serve the people of Connecticut endures.
And it has been humbling because the demand for stable, quality, affordable housing has never been so intense. We have heard from frustrated lenders, realtors, and potential homebuyers alike that finding an affordable starter home in this historically hot housing market is almost impossible. Likewise, we have heard from families who are forced to make tough choices when finding a home to rent.
It is clear that there is much work to be done. With a new year is upon us, and with a renewed sense of purpose, we look forward to bright things ahead in 2022.
Seila Mosquera-Bruno
Chair, CHFA Board of Directors
Commissioner, Department of Housing
Nandini Natarajan
Chief Executive Officer-Executive Director

2021 Board of Directors

Seila Mosquera-Bruno
Board Chair
Commissioner of the Department of Housing

Heidi DeWyngaert
Board Vice Chair
Executive Vice President and Chief Lending Officer, Retired, Bankwell

Jerrold H. Abrahams*
Former Chief Executive Officer
ORIX Commercial Mortgage Services, Inc.

Lisa Tepper Bates*
President & CEO
United Way of Connecticut

Kiley A. Gosselin*
Executive Director
The Partnership for Strong Communities

Timothy B. Hodges*
First Vice President, Government Relations and Community Development
People’s United Bank

Catherine T. MacKinnon*
Executive Director
Mutual Housing of Greater Hartford, Inc.

Franklin Edgar Perry II*
Chief of Staff
Connecticut House Democrats

Wendy Clarke**
Special Counsel
Kelley Drye & Warren LLP

Gregory F. Ugalde**
President and Chief Legal Officer
T&M Building Co., Inc.

Cynthia Butts**
Chief Executive Officer
CT Association of REALTORS

* Governors Appointees   **House and Senate Appointees

Ex-Officio Members

Seila Mosquera-Bruno
Commissioner of the Department of Housing

David Lehman
Commissioner of the Department of Economic and Community Development

Melissa McCaw
Secretary of the Office of Policy and Management

Jorge L. Perez
Commissioner of the Department of Banking

Shawn Wooden
State Treasurer

by the

Million to assist 341 homeowners impacted by COVID-19
Million to finance, build, or renovate 1,825 apartments
Billion in bond issues
Allocated in HTCCs to non-profit developers

Housing Programs in Review


CHFA held Groundbreaking and Ribbon Cutting Events in Nine Municipalities Across the State.

2021 Financial Highlights

CHFA Bonds Issued During 2021

Occupational Categories & Affirmative Action Policy Statement

Financial, Legal and Professional Services

2021 Financial Statement