Annual Report – 2018
In 2018, CHFA invested more than $570 million in single-family homeownership, providing mortgages to 3,206 first time homebuyers. Of those borrowers 1,167 utilized CHFA’s Downpayment Assistance (DAP) Program. The average age, monthly payment, and mortgage amount in 2018 were 35, $834, and $178,997 respectively. Through the Low-Income Housing Tax Credit (LIHTC), in 2018 CHFA supported the renovation, preservation, or construction of 847 affordable rental units.