Lift Up Homeownership

Ang Lift Up Homeownership ay isang loan na mapapatawad para sa mga bibili ng bahay sa Statewide, Connecticut, na pinangangasiwaan ng Federal Home Loan Bank of Boston (FHLBank Boston). Lift Up Homeownership is an FHLBank Boston down-payment and closing-cost grant for income-eligible first-generation, first-time homebuyers purchasing a primary residence in New England, including Connecticut. Eligible buyers earning up to 120% of area median income receive a 0% grant (forgiven over a 5-year retention period) delivered through participating member banks and credit unions. Funds may be used for down payment, customary closing costs, and up to a 2-point interest-rate buydown. Down-payment & closing-cost grant (per-round cap; up to ~$50,000 in recent rounds). 0% forgivable over a 5-year retention period. First-generation first-time buyers up to 120% AMI. Up to 2-point rate buydown. Statewide in CT through FHLBank Boston member lenders. Ang pondo ay mula sa FHLBank Boston voluntary, board-approved Special Purpose Credit Program (separate from the AHP-regulated set-aside).

Nag-aalok ang Lift Up Homeownership ng tulong na hanggang $50,000. Mga award tier: Per-homebuyer grant cap is announced each annual funding round; member enrollment cap up to $400,000 ($200,000 for first two releases). Two-pool allocation: 60-day state pool, then general first-come pool. Ambag ng bibili ng bahay: Each assisted household must contribute $1,000 of their own funds (cannot be a gift or gift of equity); may include earnest money deposit, cash to close, and paid-outside-closing fees. The contribution must remain in the transaction. Ang mga halaga ay ang pinakamataas na inilathala ng programa, hindi isang alok — ang Federal Home Loan Bank of Boston (FHLBank Boston) ang nagpapasya sa anumang indibidwal na award.

Pinapatawad ang Lift Up Homeownership pagkalipas ng 5 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may Pro-rata subsidy repayment if sold/transferred/refinanced (and not subordinated)/foreclosed during the 5-year retention period; fully forgiven after 5 years. Obligation terminates on foreclosure, deed-in-lieu, or death of the assisted homeowner. Nakatala ang tulong bilang lien sa posisyong Subordinate (second) lien. Ang mga tuntunin sa pagpapatawad at pagbabayad ay itinatakda ng programa at maaaring magbago — kumpirmahin ang mga ito sa opisyal na pahina ng programa bago mag-apply.

Bukas ang Lift Up Homeownership sa mga unang beses na bibili ng bahay at mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. May mga eksepsiyon dito ang "unang beses": First-time homebuyer per 42 U.S.C. 12704(14): neither the borrower nor spouse may have owned a home in the 3 years prior to purchase. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng At least one borrower must complete FHLBank Boston-approved homebuyer education/counseling within 24 months of enrollment approval or closing. Approved organizations are listed by New England state on FHLBank Boston's Homebuyer Education/Counseling list; online options include eHome America, Fannie Mae HomeView, Finally Home!, Framework, or Home Trek (post-counseling required). CURRENT program (Procedures effective April 2026) serves FIRST-GENERATION first-time homebuyers (parents/legal guardian of at least one borrower never owned a U.S. home, or a borrower aged out of foster care) - it is NOT race/ethnicity restricted (prior 'people of color' framing has been superseded; the catalog's NH Lift Up row should be re-checked). Apply only through an FHLBank Boston member institution. Per-homebuyer grant amount is set each annual funding round; ~$50,000 in recent rounds - CONFIRM current round amount. Requires $1,000 of buyer's own funds; asset cap $150,000; front-end ratio over 37% requires compensating factors; max $250 cash back at closing. Eligible property types not enumerated in the procedures (primary residence only) - left blank pending confirmation.

Nililimitahan ng Lift Up Homeownership ang kita ng sambahayan sa 120% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Household income up to 120% of HUD AMI based on the property's location; income of all adult (18+) household members is counted. Nalalapat ang limit sa kabuuang kita ng sambahayan, hindi lang sa kita ng nanghihiram. Ang mga numero ng median na kita sa lugar ay inilalathala ng HUD at ina-update taun-taon, kaya tingnan ang kasalukuyang talahanayan para sa county bago umasa sa isang numero.

Ganito nililimitahan ng Lift Up Homeownership ang presyo ng pagbili: No standard purchase-price limit; IRS Mortgage Revenue Bond Average Purchase Price Limits apply only in the asset-cap exception scenario.

Binabanggit ng Lift Up Homeownership ang mga unang henerasyong bibili ng bahay sa mga grupong pinaglilingkuran nito. Ang pagkakabanggit dito ay nangangahulugang binabanggit ng programa ang grupo, hindi na sapat na ang pagiging miyembro para maging kwalipikado ang isang aplikante — nalalapat pa rin ang iba pang patakaran sa eligibility.

Pinaglilingkuran ng Lift Up Homeownership ang mga bibili ng bahay sa Statewide, Connecticut.

Dumadaan sa Federal Home Loan Bank of Boston (FHLBank Boston) ang mga aplikasyon para sa Lift Up Homeownership, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng First-come, first-served via FHLBank Boston Community Lending online system through approved member institutions. Enrollment submitted 15 business days before closing; funds reserved 90 days. Ang Hey Prescott ay hindi nagpapautang at hindi tumatanggap ng aplikasyon; inilalarawan ng pahinang ito ang programa para madala ito ng bibili ng bahay sa isang lender o housing counselor.