- Associated Press - Sunday, February 7, 2016

ROCKY HILL, Conn. (AP) - The Connecticut Housing Finance Authority is planning two bond sales to raise funds to finance about 750 single-family mortgages.

CHFA is offering $145 million in fixed-rate tax-exempt bonds on Feb. 9. The sale of $40 million in variable-rate bonds is planned for the first week of March.

CHFA’s mortgage programs are designed to help low-to-moderate-income homebuyers purchase their first homes. The current interest rates for first-time homebuyers range from 2.875 percent to 3.125 percent. CHFA offers down payment assistance loans in addition to mortgages.

Proceeds from the bond sales will also finance affordable multifamily rental housing developments.

CHFA is a self-funded, quasi-public stage agency.

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