The Connecticut Housing Finance Authority, also referred to as CHFA, is an independent quasi-public housing agency operating in the State of Connecticut that was established in 1969 in an attempt to reduce or alleviate the hurdles associated with the dearth or insufficient supply of affordable housing chances for Connecticut's low- and moderate-income families and people.
The programs of the CHFA are comprehensively designed to contribute to the realization of its mission which is to "help ease the shortage of reasonable housing for low- and moderate-income families and folks in Connecticut, and when suitable, to push or maintain the commercial development of the State through employer-assisted housing efforts."
As agreed by this mission, the Connecticut Housing Finance Authority has established the Urban Rehabilitation Homeownership Program whereby it proposes to grant house 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.
So as to qualify for this housing loan programme, interested borrowers should only purchase, rehabilitate and live in homes that are found in Bridgeport, Hartford, New Haven, New London, Waterbury or in specific sections of Windham.
Some of the most important features of the Urban Rehabilitation Homeownership Program are its rather low IRs which starts at 3.125%** (APR range 3.225 - 3.625%) and a fixed 30-year mortgage repayment plan.
The programme , however , isn't open to everyone. Borrowers will only be assumed 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) Community staff of one of the cities in focus, just so long as the city government agrees to relinquish the home improvement taxes on the bought home for five years
3) Employees of private firms who work in any of the towns discussed above.
The types of houses that are fit for purchase under the programme are single and multi-family homes with price limits that are stated by the CHFA. Moreover, borrowers must also have a yearly revenue that doesn't surpass the limits set by the stated agency.
The types of rehabilitation and repairs that are covered by the program are those that involve the correction of structural damages, getting rid of health and security hazards, the promotion of disabled people's accessibility and energy efficiency.
If you want to know more about the Urban Rehabilitation Homeownership Program for Homebuyers in Connecticut, you visit the CHFA's official website.
The programs of the CHFA are comprehensively designed to contribute to the realization of its mission which is to "help ease the shortage of reasonable housing for low- and moderate-income families and folks in Connecticut, and when suitable, to push or maintain the commercial development of the State through employer-assisted housing efforts."
As agreed by this mission, the Connecticut Housing Finance Authority has established the Urban Rehabilitation Homeownership Program whereby it proposes to grant house 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.
So as to qualify for this housing loan programme, interested borrowers should only purchase, rehabilitate and live in homes that are found in Bridgeport, Hartford, New Haven, New London, Waterbury or in specific sections of Windham.
Some of the most important features of the Urban Rehabilitation Homeownership Program are its rather low IRs which starts at 3.125%** (APR range 3.225 - 3.625%) and a fixed 30-year mortgage repayment plan.
The programme , however , isn't open to everyone. Borrowers will only be assumed 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) Community staff of one of the cities in focus, just so long as the city government agrees to relinquish the home improvement taxes on the bought home for five years
3) Employees of private firms who work in any of the towns discussed above.
The types of houses that are fit for purchase under the programme are single and multi-family homes with price limits that are stated by the CHFA. Moreover, borrowers must also have a yearly revenue that doesn't surpass the limits set by the stated agency.
The types of rehabilitation and repairs that are covered by the program are those that involve the correction of structural damages, getting rid of health and security hazards, the promotion of disabled people's accessibility and energy efficiency.
If you want to know more about the Urban Rehabilitation Homeownership Program for Homebuyers in Connecticut, you visit the CHFA's official website.
About the Author:
Michael Saunders is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering info on government grants and central government programs.He also maintains Internet sites providing resources on education grant cash and civic engagement grants.
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