Urban Rehabilitation Homeownership Program for Homebuyers in Connecticut
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Some of the most notable features of the Urban Rehabilitation Homeownership Program are its rather low interest rates which starts at 3.125%** (APR range 3.225 - 3.625%) and a fixed 30-year mortgage repayment plan.

The program, however, is not open to everyone. Borrowers will only be deemed qualified to participate in the program if they are any of the following employees:

1) State employees with local offices in Bridgeport, Hartford, New Haven, New London, Waterbury and Windham

2) Municipal employees of one of the cities in focus, just as long as the city government agrees to waive the home improvement taxes on the purchased home for five years

3) Employees of private companies who work in any of the cities mentioned above.

The types of homes that are eligible for purchase under the program are single and multi-family homes with price limits that are stipulated by the CHFA. Moreover, borrowers must also have an annual income that does not exceed the limits set by the said agency.

The types of rehabilitation and repairs that are covered by the program are those that involve the correction of structural damages, the elimination of safety and health hazards, the promotion of disabled people's accessibility and energy efficiency.

If you wish to know more about the Urban Rehabilitation Homeownership Program for Homebuyers in Connecticut, you visit the CHFA's official website.

Urban Rehabilitation Homeownership Program for Homebuyers in Connecticut
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About The Author The TopGovernmentGrants Editorial Staff maintains one the most comprehensive Websites offering information on government grants and federal government programs. The staff also provides resources to other Websites with information on environmental grants and grants for youth programs.

Additional Resources

category - Home Buying Programs

Government Grants within the United States Housing Sector
The government has established quite a slew of agencies that are specifically designed to administer housing programs and assist the needs of homebuyers, renters, and property developers.

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First Time Homebuyer Programs in Arkansas
The Arkansas Development Finance Authority was primarily created to develop safe, decent and affordable housing for low and moderate income Arkansans. The authority's primary goal is to administer funding in the form of tax exempt bonds and other debt instruments through several programs which are divided into three main categories: Economic Development, Homeownership, and Affordable Rental Housing.

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First Time Homebuyer Programs in District of Columbia
The Department of Housing and Community Development, more commonly referred to as DHCD, is a local government agency in the District of Columbia that is primarily responsible for increasing quality housing and community development opportunities.

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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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