<p>For Immediate Release Contact: Lisa Kidder, Dir. of Communications, 860-571-4355 (o) 860-471-7426 (c) </p><p>CHFA TO ISSUE $276 MILLION IN BONDS IN NOVEMBER</p><p>2016 bonds issued to exceed $935 million </p><p>Rocky Hill, Conn., October 31, 2016 – The Connecticut Housing Finance Authority (CHFA) plans to offer a total of $276 million in bonds during the month of November to finance single-family mortgages and affordable multifamily rental housing. On November 1, the Authority will issue $214 million in bonds, along with $27.7 million in directly placed bonds. These bonds will finance roughly 750 mortgages for low- to moderate-income first time homebuyers, along with financing for about 450 units of affordable housing at Brookfield Village Apartments in Brookfield, Casa Nueva and Sheldon Wyllys Apartments in Hartford, and Schoolhouse Apartments in Waterbury. By the end of November, an additional $35 million in bonds will be directly placed and used to finance 157 units of affordable rental housing at Cherry Street Lofts in Bridgeport. </p><p>“CHFA is a self-funded quasi-public agency, and the bond program is an economic driver that has contributed to the financing of more than 11,600 units of affordable housing since 2011,” said Karl Kilduff, the Authority’s executive director. “During that same time frame, CHFA has provided 12,223 mortgages to first time homebuyers, or those who’ve not owned a home in the last three years,” Kilduff noted. </p><p>Recent bond issues combined with $654 million in bonds issued earlier in the year, will bring CHFA’s 2016 total to more than $935 million in bonds. CHFA maintains an AAA Rating with Standard & Poor’s and an Aaa rating with Moody’s Investor Service. </p><p>RBC Capital Markets will be the lead underwriter for the November 1 sale. Direct placement investors for the multiple sales include Banc of America Leasing & Capital LLC, Federal Home Loan Bank of Boston, Bank of America, NA and AFL-CIO Housing Investment Trust. Co- bond counsels are Hawkins Delafield & Woods LLP, Kutak Rock LLP and Lewis & Munday, PC. Lamont Finance Services Corporation is CHFA’s financial advisor. The underwriter’s counsel is Tobin, Carberry, O’Malley, Riley & Selinger, PC</p><p>-###-</p><p>The Connecticut Housing Finance Authority (CHFA) was created in 1969 by the Connecticut Legislature as a self-supporting quasi-public housing agency charged with expanding affordable housing opportunities for the state’s low- and moderate-income families and individuals. CHFA has helped more than 135,000 Connecticut individuals and families become homeowners through its low-interest single-family mortgage programs. In addition, CHFA has financed the creation of nearly 40,000 affordable, rental units throughout the state. To date, the combined mortgage financing for CHFA’s single-and multifamily housing programs exceeds $11 billion. For more information: http://www.chfa.org </p>