Section 8 Housing Choice Voucher Homeownership Program

by: Iola Bonggay

The Connecticut Housing Finance Authority, more often referred to as CHFA, is self-supporting quasi-public housing agency that is located in the State of Connecticut. The agency was constituted in the year 1969 in an attempt to address the issues and concerns regarding the prevalent lack or insufficient supply of affordable housing opportunities for Connecticut’s low- and moderate-income families and individuals.

The attempts and initiatives of the CHFA are thoroughly designed to contribute to the 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 accordance with this mission, the Connecticut Housing Finance Agency has been administering the Section 8 Housing Choice Voucher Homeownership Program wherein they intend to offer home loans at reasonable, below-market rates to Section 8 tenants who wish to purchase a home of their own.

The program will form partnerships with several local Public Housing Authorities (PHAs) all over the State of Connecticut and will provide homes loans at below-market interest rate of 3.250%**, fewer mortgage fees, and finally, a fixed 30-year mortgage repayment plan.

The borrowers who are qualified to avail of the benefits that will be given under this program are the following:   (continued...)

Section 8 Housing Choice Voucher Homeownership Program
  Page 2

About The Author Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. She also maintains Websites providing resources on environmental grants and grants for youth programs.

Additional Government Grants Resources

A Guide to Student Grants and Scholarships
Colleges and universities can be expensive... sometimes getting accepted into the school of your choice can be the easy part of the educational journey of the new student. It isn't always easy to find ...

---

Biomedical and Behavioral Research Innovations to Ensure Equity in Maternal and Child Health
the National Institutes of Health has recently partnered with the Eunice Kennedy Shriver National Institute of Child Health and Human Development (NICHD) to establish the Biomedical and Behavioral Research Innovations to Ensure Equity (BRITE) in Maternal and Child Health Grant Program.

---

Government Grants Within the United States Food and Nutrition Sector
The issue of food and nutrition is considered as one of the most essential components of a successful community as it makes up most of a person's daily life. The United States understands this, which is why it has created several governmental agencies that are tasked solely to support and consolidate food and nutrition-related concerns.

---

College scholarships for adults
If you are an adult returning to get your college degree, you know that it can be expensive. Whether you are commuting to classes or doing an Online college degree, the tuition is about the same. Pa...

---

What's this I Hear About a Free Application for Federal Student Aid?
Are you struggling to get through school financially but not sure where to turn next? Have you exhausted loan options but are sick of paying large fees just to apply for the loan and being turned down anyway at the end? You will be glad to find out that that there are cost-free Federal Student Aid applications available to you.

---

Small Business Administration's Portable Assistance Program
The Small Business Administration has established the Portable Assistance Program wherein they seek to provide grants to Small Business Development Lead Centers that provide services to small businesses in an effort to increase the success of small business establishments and their viability in certain communities where economic hardship is apparent and is attributable to the impact of a major disaster.

---

Every Day Counts Innovation Initiatives - Request for Information
In keeping with this mission, the Federal Highway Administration has recently constituted the Every Day Counts Innovation Initiatives project wherein they intend to solicit information from all eligible sources regarding innovations and advances that will potentially transform the way people will do business.

---