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Homebuyer Tools, Calculators and Look-ups

Targeted Areas

The Connecticut Housing Finance Authority (CHFA) suspends many of its mortgage eligibility rules for homes purchased in areas of the state targeted for revitalization.  These “targeted areas” have been recognized by the federal government as likely to benefit from an increase in homeownership.

The cities of Bridgeport, Hartford (except for Census Tract 5245.02), New Haven (except for Census Tract 3614.02), New London, and Waterbury have been designated as targeted areas.  

Also, portions of Ansonia, Danbury, Derby, East Hartford, Groton, Manchester, Mansfield, Meriden, Middletown, New Britain, Norwalk, Norwich, Stamford, Torrington and Windham have been designed as targeted areas.   

The exemptions to CHFA eligibility rules that apply to borrowers buying homes in targeted areas are: 

    • First-time homebuyer status is not a requirement.  
    • CHFA loans originated in Federally Targeted Areas will receive a ¼% reduction off the published CHFA Homebuyer Mortgage and HFA Preferred Program(s) Interest Rate in effect at the time of reservation
    • Income limits do not apply unless the borrower also has a Downpayment Assistance Program loan. 
    • Federal mortgage insurance is not required and PMI insurance is permitted when a down payment of 15% or more is made on a home with a mortgage that exceeds FHA loan limits but is within the applicable CHFA sales price limits.    

Use the census tract maps below to determine if the home you wish to buy is located in a targeted area that qualifies for a CHFA exemption.

Related Documents Found: 21  matches     Displaying: 1 - 21 
FileSizeType
059 Income and Sales Price Limits 064-0308 Rev 5-23-2016
This document details the CHFA Income and Sales Price Limits that are in effect in different geographic regions of the State of CT.
82Kpdf

Targeted Areas - Ansonia - Census Tract Map
This map shows the boundaries and numbers of the census tracts within Ansonia that are designated "Targeted Areas." (Targeted Areas are federally-designated locations where homeownership is encouraged/incentivized.)
364Kpdf

Targeted Areas - Bridgeport - Census Tract Map
This map shows the boundaries and numbers of the census tracts within Bridgeport that are designated "Targeted Areas." (Targeted Areas are federally-designated locations where homeownership is encouraged/incentivized.)
546Kpdf

Targeted Area - Danbury - Census Tract Map
This map shows the boundaries and numbers of the census tracts within Danbury that are designated "Targeted Areas." (Targeted Areas are federally-designated locations where homeownership is encouraged/incentivized.)
287Kpdf

Targeted Areas - Derby - Census Tract Map
This map shows the boundaries and numbers of the census tracts within Derby that are designated "Targeted Areas." (Targeted Areas are federally-designated locations where homeownership is encouraged/incentivized.)
269Kpdf

Targeted Areas - East Hartford - Census Tract Map
This map shows the boundaries and numbers of the census tracts within East Hartford that are designated "Targeted Areas." (Targeted Areas are federally-designated locations where homeownership is encouraged/incentivized.)
406Kpdf

Targeted Areas - Groton - Census Tract Map
This map shows the boundaries and numbers of the census tracts within Groton that are designated "Targeted Areas." (Targeted Areas are federally-designated locations where homeownership is encouraged/incentivized.)
862Kpdf

Targeted Areas - Hartford - Census Tract Map
This map shows the boundaries and numbers of the census tracts within Hartford that are designated "Targeted Areas." (Targeted Areas are federally-designated locations where homeownership is encouraged/incentivized.)
481Kpdf

Targeted Areas - Manchester - Census Tract Map
This map shows the boundaries and numbers of the census tracts within Manchester that are designated "Targeted Areas." (Targeted Areas are federally-designated locations where homeownership is encouraged/incentivized.)
427Kpdf

Targeted Areas - Mansfield - Census Tract Map
This map shows the boundaries and numbers of the census tracts within Mansfield that are designated "Targeted Areas." (Targeted Areas are federally-designated locations where homeownership is encouraged/incentivized.)
431Kpdf

Targeted Areas - Meriden - Census Tract Map
This map shows the boundaries and numbers of the census tracts within Meriden that are designated "Targeted Areas." (Targeted Areas are federally-designated locations where homeownership is encouraged/incentivized.)
432Kpdf

Targeted Area - Middletown - Census Tract Map
This map shows the boundaries and numbers of the census tracts within Middletown that are designated "Targeted Areas." (Targeted Areas are federally-designated locations where homeownership is encouraged/incentivized.)
401Kpdf

Targeted Areas - New Britain - Census Tract Map
This map shows the boundaries and numbers of the census tracts within New Britain that are designated "Targeted Areas." (Targeted Areas are federally-designated locations where homeownership is encouraged/incentivized.)
422Kpdf

Targeted Areas - New Haven - Census Tract Map
This map shows the boundaries and numbers of the census tracts within New Haven that are designated "Targeted Areas." (Targeted Areas are federally-designated locations where homeownership is encouraged/incentivized.)
1020Kpdf

Targeted Areas - New London - Census Tract Map
This map shows the boundaries and numbers of the census tracts within New London that are designated "Targeted Areas." (Targeted Areas are federally-designated locations where homeownership is encouraged/incentivized.)
301Kpdf

Targeted Areas - Norwalk - Census Tract Map
This map shows the boundaries and numbers of the census tracts within Norwalk that are designated "Targeted Areas." (Targeted Areas are federally-designated locations where homeownership is encouraged/incentivized.)
448Kpdf

Targeted Areas - Norwich - Census Tract Map
This map shows the boundaries and numbers of the census tracts within Norwich that are designated "Targeted Areas." (Targeted Areas are federally-designated locations where homeownership is encouraged/incentivized.)
390Kpdf

Targeted Areas - Stamford - Census Tract Map
This map shows the boundaries and numbers of the census tracts within Stamford that are designated "Targeted Areas." (Targeted Areas are federally-designated locations where homeownership is encouraged/incentivized.)
354Kpdf

Targeted Areas - Torrington - Census Tract Map
This map shows the boundaries and numbers of the census tracts within Torrington that are designated "Targeted Areas." (Targeted Areas are federally-designated locations where homeownership is encouraged/incentivized.)
240Kpdf

Targeted Areas - Windham - Census Tract Map
This map shows the boundaries and numbers of the census tracts within Windham that are designated "Targeted Areas." (Targeted Areas are federally-designated locations where homeownership is encouraged/incentivized.)
354Kpdf

Targeted Areas - Waterbury - Census Tract Map
This map shows the boundaries and numbers of the census tracts within Waterbury that are designated "Targeted Areas." (Targeted Areas are federally-designated locations where homeownership is encouraged/incentivized.)
389Kpdf
FileSizeType
Found: 21  matches     Displaying: 1 - 21