Hamden CDBG Homebuyer Assistance Grant Program

Hamden CDBG Homebuyer Assistance Grant Program is a grant for homebuyers in Hamden, Connecticut, administered by Town of Hamden, Office of Economic and Community Development. A Town of Hamden CDBG-funded grant that helps low- and moderate-income homebuyers purchase a home anywhere in Hamden. The grant covers up to 50% of the lender's required down payment, up to $15,000, and is not repaid if the buyer owner-occupies at least three years. Buyers must complete an 8-hour HUD-certified homebuyer education class, meet 80% AMI income limits, and finance with a fixed-rate FHA, VA, or conventional first mortgage. Grant of up to $15,000 (50% of required down payment). No repayment if owner-occupied 3+ years. Town-wide (not limited to target neighborhoods). Pre-approval valid up to 12 months. Funding comes from U.S. Department of Housing and Urban Development - Community Development Block Grant (CDBG).

Hamden CDBG Homebuyer Assistance Grant Program offers up to $15,000 in assistance. The program can be combined with other assistance, subject to the rules of each. Amounts are the program's published maximums, not an offer — Town of Hamden, Office of Economic and Community Development determines any individual award.

Hamden CDBG Homebuyer Assistance Grant Program is structured as a grant, so it is not repaid. Repayment is triggered by Grant (no repayment) unless owner fails to owner-occupy for the minimum three (3) years. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Hamden CDBG Homebuyer Assistance Grant Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Applicants must not have owned any residential property within 3 years prior to application. A homebuyer education course is required, through 8-hour HUD-certified homebuyer education within 1 year prior to applying (e.g., NHS of New Haven; HDF Stamford). Citizenship or immigration status: No corporation or commercial entity eligible. Distinct from the Town of Hamden target-area $5,000 interest-free First-Time Homeownership DPA loan. Contingent on continued HUD/CDBG funding. Taxes current; pre-1978 lead clearance; environmental review and licensed inspection required. Front-end DTI max 30% (35% case-by-case); back-end 45%.

Hamden CDBG Homebuyer Assistance Grant Program limits household income to 80% of the area median income, which varies by county and household size. At or below 80% AMI, New Haven-Meriden CT HUD Metro FMR Area (FY2025): 1p $63,700; 2p $72,800; 3p $81,900; 4p $90,950; 5p $98,250; 6p $105,550; 7p $112,800; 8p $120,100. The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 8. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Hamden CDBG Homebuyer Assistance Grant Program caps the purchase price as follows: Below HUD Section 221(d)(3) limits for Hamden, CT, or no more than 90% of area median purchase price, whichever is lower. Eligible property types include Single Family, Condo, Townhouse, and 2-4 Unit. New construction is eligible.

Hamden CDBG Homebuyer Assistance Grant Program serves homebuyers purchasing in Hamden, Connecticut.

Applications for Hamden CDBG Homebuyer Assistance Grant Program go through Town of Hamden, Office of Economic and Community Development, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.