BOSTON — The Connecticut Housing Finance Authority has received an A-minus from Global Green USA for building environmentally conscious affordable housing.

A report by the national environmental organization cited CHFA for strategies included in the state's qualified application plan, the authority announced Dec. 6.

It also referenced the authority's multifamily design, construction and sustainability standards and guidelines that result in energy-efficient housing that costs less to operate.

To receive financing or tax credits from CHFA, multifamily developments must be designed and built to these standards.

"CHFA works with developers to build housing that is energy-efficient, cost-effective, safe and comfortable," said Karl Kilduff, the authority's executive director.

Global Green analyzed affordable housing developments that state agencies oversee and finance using federal low-income housing tax credits. It graded the issuers on smart growth, energy-efficiency, resource conservation and health protection.

The 2016 Global Green Report shows that the adoption of green building measures continues to increase nationwide.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.