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

Department of Housing and Urban Development's Dollar Homes Program
The Dollar Homes Program revolves around the process of selling single family homes for a superbly reasonable price of $1 (plus closing cost) to low-to-moderate income families, granted that these houses have been acquired through foreclosure by the Federal Housing Administration, and have already been actively marketed for at least six months and still remained unsold after that certain period of time.

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Construction Incentive Program for First Time Home Buyers in New York
The State of New York cares so much about its people. It looks out for them and constantly ascertains that their best interest is always protected. One of the ways in which the state has manifested this concern is through the establishment of the State of New York Mortgage Agency, more commonly referred to as SONYMA, which is a public authority established in 1970 designed to provide reasonable and affordable home-ownership opportunities to low and moderate income New Yorkers, especially to first time home buyers.

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Urban Rehabilitation Homeownership Program for Homebuyers in Connecticut
In accordance with this mission, the Connecticut Housing Finance Authority has established the Urban Rehabilitation Homeownership Program wherein it intends to home purchase loans at steady, below-market rates together with home improvement loans with no interest, all in an attempt to support homeownership and investment in selected Connecticut neighborhoods.

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First Time Homebuyer Programs in California
The programs of CalHFA are constantly guided by its overall agency mission which is to "finance below market rate loans to create safe, decent and affordable rental housing and to assist first-time homebuyers in achieving the dream of homeownership."

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