First Time Homebuyer Programs in Connecticut
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In order to be deemed eligible to submit an application under the program, a borrower must satisfy the following eligibility requirements:

1) First time homebuyers tenants who meet the minimum credit, income, and employment criteria

2) Tenants who are presently receiving assistance under the Section 8 Rental Assistance Program, the Department of Developmental Services or the State Moderate Rental Program

3) Tenants residing in properties managed by the CHFA or a municipal housing authority

4) Tenants residing in CHFA-financed rental properties

5) Tenants residing in HUD-subsidized housing

In addition, the types of properties that covered under the Homeownership Program are limited to the following:

1) Existing and new single-family homes, townhouses and Planned Unit Developments

2) Newly built homes that meet the energy efficiency standards that are set by the Federal Housing Authority

3) Condominiums that are approved by the CHFA

4) Two- to four-family homes which have been utilized as residences for the past five years or newly constructed two-family homes that is located in a Targeted Area

5) Selected mobile homes that meet the criteria of the CHFA.

If you are an interested borrower and you wish to find out more about this progra, you can visit CHFA's official website at www.chfa.org.

First Time Homebuyer Programs in Connecticut
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About The Author Michael Saunders is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. He also maintains Websites providing resources on environmental grants and grants for youth programs.

Additional Resources

category - Home Buying Programs

Homeownership Program for First Time Homebuyers in Connecticut
The Connecticut Housing Finance Agency has established the Homeownership Program wherein it intends to provide reasonable home loans with below-market interest rates to tenants occupying publicly assisted housing who wish to transition from renting into homeownership.

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Ohio Heroes Program for First Time Home Buyers in the State of Ohio
One of the most popular programs of the Ohio Housing Finance Agency is the Ohio Heroes Program which is exclusively intended for active military men, active reservists, veterans, firefighters, emergency medical technicians, paramedics, and several other individuals with noble professions.

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Keystone Government Loan Program for Homebuyers in Pennsylvania
The Pennsylvania Housing Finance Agency has been running the Keystone Government Loan Program in which it intends to provide first mortgage financing on loans that are insured by the Federal Housing Administration, the Rural Development, and the Department of the Veterans' Affairs.

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Rural Community Development Initiative
The Rural Community Development Initiative can be awarded to legally qualified private, public, and tribal groups or organizations that have the experience and capability of providing training and technical assistance to nonprofit community-based housing and community development organizations, as well as low income rural communities.

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