Homeownership Program for First Time Homebuyers in Connecticut
Page 2

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.

Homeownership Program for First Time Homebuyers in Connecticut
  Back to Page 1

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 grants for youth programs and home improvement grants.

Additional Resources

category - Home Buying Programs

Frequently Asked Questions about Buying Your First Home
The idea of buying a new home for the first time can be overwhelming for most people. It is probably the largest investment they have ever made, and the process itself seems downright intimidating. ...

---

Homebuyer Mortgage Program for First Time Homebuyers in Connecticut
The Connecticut Housing Finance Authority has been administering the Homebuyer Mortgage Program for First Time Homebuyers. The program is capable of offering home loans and below-market interest rates to first time homebuyers who reside in Connecticut and who are planning to acquire a property that is located in Connecticut.

---

First Time Homebuyer Programs in Virginia
In 1972, the Commonwealth of Virginia has constituted the establishment of the Virginia Housing Development Authority in an effort to respond to the needs of Virginians who seek quality, affordable housing.

---

First Time Homebuyer Programs in Connecticut
The Connecticut Housing Finance Authority, otherwise known as CHFA, is a self-supporting quasi-public housing agency operating within the State of Connecticut. The agency was established in the year 1969 in an effort to address the concerns regarding the lack or insufficient supply of affordable housing opportunities for Connecticut’s low- and moderate-income families and individuals.

---