Homeownership Program
(for residents of public housing)

CHFA offers 30-year fixed rate mortgages (Current Interest Rate)
for tenants in public housing and selected publicly assisted housing. Borrowers must attend a homebuyer education class to assist in preparing for the responsibilities of homeownership.

Household income limits for this program are as follows:

One- and two-person households earning up to $81,000 per year are eligible. Households of three or more may earn up to $93,150. Under this program, downpayment assistance is available statewide. All property eligibility requirements and additional considerations under the Homebuyer Mortgage Program apply. Home purchase prices must be within CHFA sales price limits.

The loan is subject to federal recapture tax if the borrower sells the home within nine years, there is a capital gain on the sale of the home and the borrower's household income at the time of the sale exceeds applicable limits. (Federal Recapture tax occurs at the time property is sold, only if all three conditions apply.)

CHFA Contact:
Single Family Underwriting (860) 571-3502