SINA Homeownership Incentive Program (HIP)

What is SINA Homeownership Incentive Program (HIP)?

SINA Homeownership Incentive Program (HIP) is a forgivable loan for homebuyers in Hartford, Connecticut, administered by Southside Institutions Neighborhood Alliance (SINA), Inc.

• An employer-assisted program by SINA providing a $10,000 incentive to employees of Hartford Hospital, Trinity College, and Connecticut Children's Medical Center who buy in a Southside Hartford target area (Frog Hollow, South Green, Barry Square). First-come, first-served; 90 days from approval to sign a purchase and sale agreement; check paid jointly to buyer and closing attorney. Leaving the employer before the grant is earned requires repaying the balance.
• $10,000 toward home purchase.
• Place-based Southside Hartford revitalization.
• Walk-to-work homeownership.
• Three major Hartford employers.
• Funding comes from Hartford Hospital, Connecticut Children's Medical Center, Trinity College (via SINA anchors).

How much assistance does it provide?

SINA Homeownership Incentive Program (HIP) offers between $10,000 and $10,000 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 — Southside Institutions Neighborhood Alliance (SINA), Inc. determines any individual award.

Do you have to pay it back?

SINA Homeownership Incentive Program (HIP) is a forgivable loan, so the balance is forgiven once the program's conditions are met.

• Repayment is triggered by Employee who leaves the institution voluntarily or is terminated must repay outstanding balance.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

SINA Homeownership Incentive Program (HIP) is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

SINA Homeownership Incentive Program (HIP) sets its income limit as follows: No published income limit; employment-based, criteria set per institution.

• 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?

SINA Homeownership Incentive Program (HIP) can be used for Single Family and 2-4 Unit.

Is there eligibility for specific groups?

SINA Homeownership Incentive Program (HIP) is limited to employees of Employees of Hartford Hospital, Trinity College, Connecticut Children's Medical Center.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

SINA Homeownership Incentive Program (HIP) serves buyers purchasing in Hartford, Connecticut.

• The program gives priority to designated target areas, so the address matters as well as the county.
• Targeted neighborhoods: Frog Hollow, South Green, Barry Square.

How do you apply?

Applications for SINA Homeownership Incentive Program (HIP) go through Southside Institutions Neighborhood Alliance (SINA), Inc., 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 Referenced via NHS of New Britain; must be 'Home Buyer Ready'.

2. 2

   Contact Southside Institutions Neighborhood Alliance (SINA), Inc. to reserve funds

   Funds are reserved through First-come, first-served; applied via employer HR, forwarded to SINA, 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.