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CHFA Mortgage Programs for Residents of Public Housing

Connecticut Housing Finance Authority (CHFA) · Connecticut

Last verified
See what you qualify forOfficial program site →
Income limit

$174,440

The household income limit the program publishes

Price cap

$750,000

Highest purchase price the program allows

What is CHFA Mortgage Programs for Residents of Public Housing?

CHFA Mortgage Programs for Residents of Public Housing is a first mortgage for homebuyers in Connecticut, administered by Connecticut Housing Finance Authority (CHFA).

  • This CHFA program eases the transition from renting to homeownership for qualified tenants of public/assisted housing by offering below-market interest rate first mortgages with a 0.125% rate discount, 0% down payment, and an optional reduced-rate (as low as 1%) DAP second mortgage for down payment and closing costs.
  • Low interest rate (0.125% discount).
  • 0% down payment.
  • Reduced-rate second mortgage (as low as 1%) for down payment & closing costs.
  • Below-market first mortgage.
  • Funding comes from CHFA bond proceeds.

Do you have to pay it back?

CHFA Mortgage Programs for Residents of Public Housing is a first mortgage and is repaid under the terms set by Connecticut Housing Finance Authority (CHFA).

  • The assistance is recorded in First position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

CHFA Mortgage Programs for Residents of Public Housing is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — with exceptions: Eligible if purchasing in a Targeted Area even if owned a home in the past three years; income limit waived in Targeted Areas for those not applying for DPA
  • The home is occupied as a primary residence
  • On credit: Must meet minimum credit, income, and employment standards
  • A completed homebuyer education course, through Free CHFA Homebuyer Education class required prior to closing
  • Residency: Must be a tenant of public housing / receive rental assistance, or reside in housing managed or financed by CHFA, subsidized by HUD, or managed by a local housing authority. Property in Connecticut and primary residence.
  • Borrower must be a tenant of public housing or receive rental assistance (or reside in CHFA/HUD/local-authority housing). Apply through a CHFA-Approved Lender. Program page live and active as of June 2026.

The program excludes

  • Manufactured homes
  • Purchases above the $750,000 price cap
  • Households above $174,440

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

CHFA Mortgage Programs for Residents of Public Housing limits household income to $174,440.

  • The limit applies to total household income, not only the borrower’s.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

CHFA Mortgage Programs for Residents of Public Housing caps the purchase price at $750,000.

  • Eligible property types include Single Family, Townhouse, Condo, 2-4 Unit, and PUD.
  • Manufactured homes are not eligible.

Where does it apply?

CHFA Mortgage Programs for Residents of Public Housing serves buyers purchasing anywhere in Connecticut.

  • The program targets specific areas: Targeted Area exception waives first-time buyer rule and income limit (for non-DPA applicants).

How do you apply?

Applications for CHFA Mortgage Programs for Residents of Public Housing go through Connecticut Housing Finance Authority (CHFA), which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through Free CHFA Homebuyer Education class required prior to closing.

  2. Contact Connecticut Housing Finance Authority (CHFA) to reserve funds

    Funds are reserved through Reserved/locked by CHFA Participating Lender via CHFA LOS, and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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