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Homebuyer Education 

Landlord Education and Housing Counseling Services

Overview

CHFA offers landlord education and housing counseling services free-of-charge to purchasers of 2-4 family homes through CHFA/HUD-approved counseling agencies across the state. This class is required for those purchasing a 2-4 family home under the CHFA Homebuyer Mortgage Program as part of their loan process.  This class is also available to any potential homebuyers interested in purchasing a 2-4 family home anywhere in the State.  The three-hour class provides an overview on the range of financial and practical topics that a homebuyer should understand before completing the 2-4 family homeownership process.  CHFA also offers post-closing counseling free-of-charge to all CHFA and other borrowers who own 2-4 family homes. 

What topics are covered in this class?

CHFA’s three-hour landlord education and housing counseling services provides detailed coverage of the technical, financial and practical aspects involved in buying a 2-4 family home, as well as the responsibilities that come with being a landlord.  The curriculum also reviews the sometimes complex trail of documentation that accompanies a 2-4 family home purchase from the offer to the closing.  For homebuyers unfamiliar with the ongoing costs of homeownership and added responsibility of being a landlord, this class reviews helpful topics such as finding reliable tenants and maintaining the value of your property.  In addition to the curriculum on the home buying process, the landlord education and housing counseling services also offers individualized pre-purchase counseling.  CHFA will also provide post-closing counseling for homeowners who are experiencing difficulties with tenant issues or other issues related to owning a multifamily home.


 

Who is allowed to participate?

Landlord education and housing counseling services class is required for all purchasers of a 2-4 family home financed by CHFA.  Applicants for 2-4 family financing will be given a loan reservation number from their CHFA-approved Participating Lender which will enable them to register with one of the CHFA/HUD-approved counseling agencies that conduct the landlord education and housing counseling services. The three-hour class must be completed prior to closing.   

CHFA also offers post-closing counseling to all CHFA and other borrowers who own 2-4 family homes.


 

Who teaches this class?  

CHFA/HUD-approved counseling agencies conduct the homebuyer education classes on behalf of CHFA.  These non-profit agencies are staffed by counseling professionals who are trained in CHFA loan programs.  


 

Where and when are the classes held?  

Landlord education and housing counseling services classes are offered at a variety of locations across the state and at different times each month.  To accommodate diverse schedules, they are offered on weekday evenings as well as on Saturdays.  (See, landlord education and housing counseling services schedule, for more specific information.)  

Individual pre-purchase counseling sessions will be available for clients on an as-needed basis. CHFA will also provide post-closing landlord counseling for homeowners who are experiencing difficulties with tenant issues or other issues related to owning a multifamily home.


 

How do you register for this class?

CHFA 2-4 family home loan applicants with loan reservation numbers can register for the three-hour landlord education and housing counseling services class at a time and location convenient to them by contacting any of the  counseling agencies.  Registrations are taken by telephone or online.  Applicants who complete the class will be provided with a certificate to verify that they have satisfied the education requirement of their loan application.     


 

How much does this class cost?

This class is provided free-of-charge to all eligible CHFA loan applicants, as well as any potential homebuyer interested in purchasing a 2-4 family home in Connecticut. 


 

Questions? Contact your lender or CHFA counseling agency.

Your CHFA-approved lender can provide you with information about the landlord education and housing counseling services requirement and refer you to an agency near you.  You may also contact a counseling agency directly to obtain further information.

Phone:     (860) 571-4396
Fax:(860) 571-3550
Email:counseling@chfa.org


Mailing Address:
Connecticut Housing Finance Authority
Attn: Single Family Counseling
999 West Street
Rocky Hill, Connecticut 06067


 

Class Schedule

Download the file below for a schedule of upcoming classes.  

Related Documents Found: 3  matches     Displaying: 1 - 3 
FileSizeType
Counseling Agencies - Contact Information Rev 10-17
This class lists the CHFA contracted Counseling Agencies including their locations, telephone numbers, email and the services they provide.
227Kpdf

Counseling Class Schedule - Landlord Class - 1Q 2018
This chart list the 1st quarter schedules for the Landlord Education classes. This class is required for the purchase of a 2-to-4 family home financed by CHFA. It is also available to any potential 2-to-4 family homeowner.
91Kpdf

Counseling Class Schedule - Landlord Class - 4Q 2017
This chart list the 4th quarter schedules for the Landlord Education classes. This class is required for the purchase of a 2-to-4 family home financed by CHFA. It is also available to any potential 2-to-4 family homeowner.
90Kpdf
FileSizeType
Found: 3  matches     Displaying: 1 - 3