More than 50 Years of Investment in Affordable Housing
Since 1969, CHFA has grown from a small quasi-public organization with $5 million dollars to lend for first-time homebuyer mortgages to an organization that lends more than $500 million dollars each year for affordable housing. All 169 Connecticut towns have benefited from CHFA financing.
CHFA leverages its financial strength in partnership with public and private investors. The result is that nearly 147,000 Connecticut residents have purchased their first homes with a CHFA below-market interest rate mortgage, allowing them to begin building their financial futures. Additionally, CHFA's investments have built or renovated the more than 58,000 affordable multifamily apartments that hundreds of thousands of state residents call home.
Our Mission (What we do)
Connecticut Housing Finance Authority is a self-funded, quasi-public organization. Its mission is to alleviate the shortage of housing for low- to moderate-income families and persons in this state and, when appropriate, to promote or maintain the economic development of this state through employer-assisted housing efforts.
Our Vision Reimagined (What will result when we achieve our mission)
All low-and moderate-income residents in Connecticut have a range of choices where they can live in affordable, safe, quality housing located in environmentally sustainable and economically healthy communities.
Our Values (What principles will guide our work)
Driven by Community
We are committed to diversity and inclusion as a fundamental part of our corporate culture and as central to all the work we do. We believe in the power of diverse and inclusive communities we serve.
Devoted to Service
We commit to outstanding customer service. We are meticulous in execution, no matter how small the task. We follow through on commitments made and do so with respect for one another.
Committed to Innovation
We are an innovative partner and change leader in the state. We are willing to embrace change to continuously improve our organization, people, processes and systems.
Energized by Collaboration
We collaborate openly and honestly. We build purposeful relationships grounded in cooperation and a shared vision. We foster teamwork and resource sharing through effective internal and external communications.
Committed to Opportunity
We work with our partners to respond to the deep disparities in access to quality of life. We use our investments to create the opportunity for all households to have a safe and affordable home wherever they want to live.
Grounded in Communication
We believe that effective communication with our partners, vendors, customers and fellow employees is key to our success.
Empowered by Ownership
We take ownership for the quality of our individual work but also take pride in what we deliver as a team; our focus is on a successful outcome for all. We proactively turn challenges into opportunities.
We focus on utilizing our funds for the best and highest use. We are a steward of the environment through financing properties that have positive environmental outcomes.