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!
chfa.org
