City of New Britain Homeownership Program (HOP)

What is City of New Britain Homeownership Program (HOP)?

City of New Britain Homeownership Program (HOP) is a repayable second loan for homebuyers in New Britain, Connecticut, administered by City of New Britain Department of Planning & Development.

• A City of New Britain HOME-funded second mortgage for first-time buyers of a 1-4 family owner-occupied home in New Britain, at a fixed 3% interest rate with no prepayment penalty. The maximum loan is 20% of the purchase price plus non-prepaid closing costs (minimum $1,000 per unit), repaid in amortizing monthly payments (minimum $30). The loan term is granted in 5-year increments up to 30 years based on need, and HOME recapture applies if the home is sold within the affordability period.
• Up to 20% of purchase price as a 3% fixed-rate 2nd mortgage.
• No prepayment penalty.
• No origination fees.
• Can cover non-prepaid closing costs.
• 1-4 unit owner-occupied.
• Funding comes from Federal and HOME.

How much assistance does it provide?

City of New Britain Homeownership Program (HOP) provides assistance worth 20% of the purchase price, as set by the program.

• Award tiers: Loan term granted in 5-year increments; may be extended to 10, 15, 20, 25 or 30 years based on need to qualify with the first-mortgage lender (DPD determines).
• Amounts are the program's published maximums, not an offer — City of New Britain Department of Planning & Development determines any individual award.

Do you have to pay it back?

City of New Britain Homeownership Program (HOP) is a repayable second loan and is repaid under the terms set by City of New Britain Department of Planning & Development.

• Repayment is triggered by Amortizing monthly payments (minimum $30/month) and Recapture of HOME assistance if the property is sold within the affordability period.
• The assistance is recorded in 2nd Lien position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

City of New Britain Homeownership Program (HOP) is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

City of New Britain Homeownership Program (HOP) limits household income to 80% of the area median income, which varies by county and household size.

• Income limits by household size (rev Nov 2025): 1=$70,950; 2=$81,050; 3=$91,200; 4=$101,300; 5=$109,450; 6=$117,550. Single-family buyers must earn <80% AMI; multi-family (<=4 units) may exceed 80% if 51% of units are occupied by households <80% AMI. Subject to change annually.
• 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?

City of New Britain Homeownership Program (HOP) caps the purchase price as follows: No stated max purchase price; maximum HOP loan is 20% of purchase price plus non-prepaid closing costs; minimum $1,000 per dwelling unit (e.g. $3,000 for a 3-family).

• Eligible property types include Single Family and 2-4 Unit.
• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

City of New Britain Homeownership Program (HOP) serves buyers purchasing in New Britain, Connecticut.

How do you apply?

Applications for City of New Britain Homeownership Program (HOP) go through City of New Britain Department of Planning & Development, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through Neighborhood Housing Services (NHS) or another HUD-approved pre-purchase homebuyer education program..

2. 2

   Contact City of New Britain Department of Planning & Development to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 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.