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Housing Development Loan Fund of Fairfield County, Inc.
Stamford CTCDFI Awards for Housing Development Loan Fund of Fairfield County, Inc.
FA (2005) - $950,000
HDF will use the $950,000 financial assistance award as loan capital to establish a Purchase/Rehab product for low-income, predominately minority individuals and families making as little as 60 percent of the Danbury MSA median income in looking to purchase a home in one of the four targeted Hot Zones.
TA (2004) - $25,000
The Housing Development Fund, Inc. will use the award to hire a consultant to conduct a market analysis of northern Fairfield County and to develop a system to evaluate the impact of its services.
CORE (2001) - $270,000
The Fund"s $230,000 capital grant will be used to provide homeownership down payment and closing costs assistance for low income individuals. The $40,000 TA grant will be used to conduct an assessment of HDF"s various programs in the market, and help HDF develop a capitalization strategy to improve its long-term financial viability and ability to continue to provide affordable financing in the market.
SECA (2000) - $30,000
The Fund"s technical assistance award will pay for HDF staff members to make site visits of selected other multi-bank CDCs throughout the country to learn about how they have dealt with issues of capitalization, marketing, and specific lending. It will also pay for the development of a website and the installation of a dedicated server for HDF"s computer system.
CORE (1997) - $78,500
A grant of $78,500 from the CDFI Fund will be used to establish a loan loss reserve necessary to attract new consortia lenders, to increase its loan pool and to broaden its service area within the county.
Other Community Development Financial Institutions in Connecticut
Bridgeport Neighborhood Fund, Inc.
Bridgeport
Cooperative Fund of New England
Hartford
Family Assets, LLC
Bridgeport
New Haven HomeOwnership Center, Inc.
New Haven
South Hartford Initiative
Hartford
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