Connecticut Housing Finance Authority

Description

The Connecticut Housing Finance Authority (CHFA) was created in 1969 by the Connecticut Legislature as a self-supporting quasi-public housing agency charged with the purpose of expanding affordable housing opportunities for Connecticut’s low- and moderate-income families and individuals.

Since then, CHFA has helped almost 120,000 Connecticut individuals and families become homeowners through its low-interest single family mortgage programs. In addition, CHFA has financed the creation of over 32,000 affordable, quality rental units throughout the state. To date, the combined mortgage financing for CHFA’s single- and multifamily housing programs exceeds $11 billion.

CHFA continues to seek innovative and effective ways to respond to the changing needs of Connecticut’s communities and meet its statutory purpose. As one of only a few housing finance agencies in the nation to attain AAA bond rating from Standard and Poor’s Rating Service and Moody’s Investor Service, CHFA is proud to celebrate 40 years of creating and supporting affordable housing options for Connecticut residents.

Mission

Connecticut Housing Finance Authority was created in 1969 by the State Legislature. Our purpose 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.

Products

Home mortgages for 1st time buyers
Down payment assistance loans
Financing for affordable multifamily rental housing

"Connecticut Housing Finance Authority is a self-funded, quasi-public organization. Its mission is to alleviate the shortage of housing for low- to moderate-income families and persons in this state and, when appropriate, to promote or maintain the economic development of this state through employer-assisted housing efforts."