Connecticut Housing Finance Authority

Connecticut Housing Finance Authority Review

Reviews 7
2.1
Contact us
Reviews 7
Filters:
Rating
Language
Sort:
Most recent
N
3 years ago

I have had to call 5-10 times within the last 6 mo...

I have had to call 5-10 times within the last 6 months regarding loss draft and payments towards principle and either the people here are incompetent or the systems/processes they are provided are extremely limiting. Instructions on my payments weren't followed, when two departments were involved they kept sending me back and forth, pointing fingers.

R
3 years ago

My mortgage was switch to these people 11/1/2018 a...

My mortgage was switch to these people 11/1/2018 and now I'm typing this on 3/24/2019 and still haven't reported to my credit report.. Nationstar mortgage used to report every month and now it just stop as of 11/1/2018...

B
4 years ago

This agency screws multifamily homeowners over by ...

This agency screws multifamily homeowners over by unfairly and heartlessly refusing to accept certain forms of income paid by the government, namely HUD's Section 8 program, claiming its unreliable income and not eligible for their emergency assistance, thereby assisting unscrupulous banks and mortgage brokers in stealing homes from people who are by no means rich and accept those vouchers on behalf of the tenants they rent to. So not only does EMAP screw homeowners over but Section 8 screws landlords over by refusing to pay fair market value in rent while demanding landlords provide above standard housing but provide no assistance for maintenance/repairs, they also don't screen the people they pay rent for shoving that off on landlords as well and they don't pay for damages done by the tenants they pay rent for. And the EMAP Program can refuse to accept Section 8 as reliable income meaning once again the landlords are screwed and there IS NO INCENTIVE to risk your property and income by continuing to accept low rent for bad tenants.

About Connecticut Housing Finance Authority

The Connecticut Housing Finance Authority (CHFA) is a non-profit organization that has been providing affordable housing solutions to the residents of Connecticut for over 50 years. CHFA is committed to helping families and individuals find safe, decent, and affordable housing options in the state.

One of the primary goals of CHFA is to finance affordable multifamily rental housing for families and individuals. The organization works with developers, property owners, and management companies to create new rental properties or renovate existing ones. These properties are designed to meet the needs of low- and moderate-income households in Connecticut.

In addition to financing rental properties, CHFA also offers below-market interest rate mortgages for first-time homebuyers or borrowers who haven't owned a home in 3 years. This program helps make homeownership more accessible by offering lower interest rates than traditional mortgage lenders.

CHFA also provides education and counseling services for potential homebuyers. These services include financial literacy classes, credit counseling, budgeting assistance, and more. By providing these resources, CHFA helps ensure that potential homeowners are prepared for the responsibilities that come with owning a home.

Another important aspect of CHFA's work is its commitment to sustainability. The organization promotes energy-efficient building practices in all its projects as part of its efforts towards environmental responsibility.

Overall, CHFA plays an essential role in ensuring that all residents have access to safe and affordable housing options in Connecticut. Its commitment towards financing multifamily rental properties as well as offering below-market interest rate mortgages makes it easier for low- and moderate-income households to achieve their dream of homeownership while maintaining financial stability.

If you're interested in learning more about how CHFA can help you find affordable housing solutions or become a homeowner in Connecticut, visit their website today!

Connecticut Housing Finance Authority

Connecticut Housing Finance Authority

2.1