Urban Rehabilitation Homeownership Program for Homebuyers in Connecticut
Page 2

Some of the most notable features of the Urban Rehabilitation Homeownership Program are its rather low interest rates which starts at 3.125%** (APR range 3.225 - 3.625%) and a fixed 30-year mortgage repayment plan.

The program, however, is not open to everyone. Borrowers will only be deemed qualified to participate in the program if they are any of the following employees:

1) State employees with local offices in Bridgeport, Hartford, New Haven, New London, Waterbury and Windham

2) Municipal employees of one of the cities in focus, just as long as the city government agrees to waive the home improvement taxes on the purchased home for five years

3) Employees of private companies who work in any of the cities mentioned above.

The types of homes that are eligible for purchase under the program are single and multi-family homes with price limits that are stipulated by the CHFA. Moreover, borrowers must also have an annual income that does not exceed the limits set by the said agency.

The types of rehabilitation and repairs that are covered by the program are those that involve the correction of structural damages, the elimination of safety and health hazards, the promotion of disabled people's accessibility and energy efficiency.

If you wish to know more about the Urban Rehabilitation Homeownership Program for Homebuyers in Connecticut, you visit the CHFA's official website.

Urban Rehabilitation Homeownership Program for Homebuyers in Connecticut
  Back to Page 1

About The Author Michael Saunders is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. He also maintains Websites providing resources on education grant money and civic engagement grants.

Additional Resources

category - Home Buying Programs

Rehabilitation Mortgage Insurance Program
The Rehabilitation Mortgage Insurance Program intends to financially assist families as they repair or improve, purchase and improve, or refinance and improve their current residential properties that have been existent for more than a year.

---

First Time Homebuyer Programs in California
The programs of CalHFA are constantly guided by its overall agency mission which is to "finance below market rate loans to create safe, decent and affordable rental housing and to assist first-time homebuyers in achieving the dream of homeownership."

---

Ohio Heroes Program for First Time Home Buyers in the State of Ohio
One of the most popular programs of the Ohio Housing Finance Agency is the Ohio Heroes Program which is exclusively intended for active military men, active reservists, veterans, firefighters, emergency medical technicians, paramedics, and several other individuals with noble professions.

---

First Time Homebuyer Programs in Montana
The Montana Board of Housing, otherwise referred to as BOH, was primarily established to to provide decent, safe, sanitary and affordable housing for lower income individuals and families in the State of Montana.

---