I will try to break down the issues.
1. Featured Content not taking html tags
* We disabled html tags for security reasons in featured content. However, we can allow some html tags which are safe. So, we will add it in next version update. If you want it asap, you can do following:
* Goto file catch-responsive-pro/inc/customizer-includes/catchresponsive-customizer-featured-content-setting.php
* Edit lines 307 and 321 from
'sanitize_callback' => 'sanitize_text_field',
to
'sanitize_callback' => 'wp_kses_post',
2. Link Color of Featured Content
* Featured Content link color is for links in the featured content, this was only available in Featured Page/Post/Category featured content. If you mane above changes, now, you should be able to add links in Featured Content => Content
So, now your change in link color will take effect. You can revert the color back to defaults by going to Appearance=> Customize=> Color Options => Featured Content Color Options and setting it to default using Default button