First Time Homebuyer Programs in Connecticut
by:
Michael SaundersThe Connecticut Housing Finance Authority, otherwise known as CHFA, is a self-supporting quasi-public housing agency operating within the State of Connecticut. The agency was established in the year 1969 in an effort to address the concerns regarding the lack or insufficient supply of affordable housing opportunities for Connecticut’s low- and moderate-income families and individuals.
The programs of the CHFA are aimed at the constant realization of its mission which is to "help alleviate the shortage of affordable housing for low- and moderate-income families and persons in Connecticut, and when appropriate, to promote or maintain the economic development of the State through employer-assisted housing efforts."
In line with this mission, the Connecticut Housing Finance Agency has established the Homeownership Program wherein it intends to provide reasonable home loans with below-market interest rates to tenants occupying publicly assisted housing who wish to transition from renting into homeownership.
The initial target market of the program are tenants who have not yet owned a home before, but in most instances, the agency will make an exception for tenants who have previously owned a home before but want to acquire a new home in a targeted area.
(continued...)
First Time Homebuyer Programs in Connecticut
Page 2
About The Author
Michael Saunders is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs.
He also maintains Websites providing resources on environmental grants and grants for youth programs.
|
Additional Government Grants Resources
FirstHome Mortgage Program in North CarolinaOne of the programs of the agency is the FirstHome Mortgage Program wherein they seek to offer 30-year fixed interest rate mortgages to first time home buyers in the State of North Carolina.
9 Things You Must Do To Maximize Your Chances Of Obtaining A Small Business LoanTo get approval for your small business loan application, you must be able to meet the lending criteria set down. Some organisations are more risk averse than others, and will therefore have more st...
Keystone Home Loan PLUS ProgramThe Pennsylvania Housing Finance Agency, otherwise termed as PHFA, is an independent agency established in year 1972 in an attempt to assist the provision of reasonable and affordable housing opportunities the elderly, persons and families of modest means, and people suffering from disabilities.
Federal and State Technology Partnership ProgramThe Federal and State Technology Partnership Program works around the objective of being able to boost and strengthen the technological competitiveness of small business establishments in the United States of America.
Centers for Material Life Cycle Safety ProgramThe United States Environmental Protection Agency has established the Centers for Material Life Cycle Safety Program wherein it intends to solicit applications for the development of interdisciplinary centers that have the capability of focusing on the creation of chemicals, compounds, mixtures of compounds, or products.
Construction Incentive Program for First Time Home Buyers in New YorkThe State of New York cares so much about its people. It looks out for them and constantly ascertains that their best interest is always protected. One of the ways in which the state has manifested this concern is through the establishment of the State of New York Mortgage Agency, more commonly referred to as SONYMA, which is a public authority established in 1970 designed to provide reasonable and affordable home-ownership opportunities to low and moderate income New Yorkers, especially to first time home buyers.
Summer Seminars and Institutes ProgramThe National Endowment for the Humanities has recently established the Summer Seminars and Institutes Program wherein it aims to provide support to faculty development programs in the field of the humanities for school, college, and university teachers.