Annual Report – 2021
In 2021, CHFA invested more than $237 million in single-family homeownership, providing mortgages to 1,157 first time homebuyers. Of those borrowers 876 (76%) utilized CHFA’s Downpayment Assistance Program (DAP). CHFA approved financing for the new construction, rehabilitation, or preservation of 1,825 affordable housing units, an investment of $130 million.
Coronavirus relief in the form of The MyHomeCT pilot program resulted in helping 341 homeowners totaling $4.74 million stabilize their housing situation, while relief offered to multifamily mortgagors resulted in the execution of forbearance agreements for seven properties.
A chronicle of all CHFA’s activities can be found in CHFA’s 2021 Annual Report.