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 $1 billion 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 more than 140,000 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 affordable multifamily apartments that hundreds of thousands of state residents call home.
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.
To meet our mission, our customers, partners and employees can trust us to:
Act with Integrity
We honor our responsibility to be sincere, honest, transparent and accountable in our work.
Bring Compassion to our Customer focus
We bring courtesy, responsiveness, efficiency and respect to all of our relationships.
Work as a Team
We achieve a common goal through teamwork, communication, and sharing our knowledge and resources.
Partner to Innovate
We are an innovative partner who is forward-thinking, committed to continuous improvement and open to new ideas and perspectives.
Take care of our Resources
We responsibly and prudently manage the resources that have been entrusted to us to ensure the long-term sustainability of our mission.
Since 1969, CHFA has issued more than 140,000 single family mortgages with below-market interest rate financing and down payment assistance to allow low-to-moderate income borrowers to purchase their first homes. We offer loan programs customized to meet the needs of veterans, active duty service members, teachers and police officers.
In 50 years, CHFA has financed the development of more than 53,000 affordable rental homes. We strive to help create and preserve sustainable communities across Connecticut.