Skip to Main Content

The site navigation utilizes arrow, enter, escape, and space bar key commands. Left and right arrows move across top level links and expand / close menus in sub levels. Up and Down arrows will open main level menus and toggle through sub tier links. Enter and space open menus and escape closes them as well. Tab will move on to the next part of the site rather than go through menu items.


Homeownership for Residents of Public Housing


Everyone deserves an opportunity to own a home. This program is designed to ease the transition from renting to homeownership by offering below-market interest rate loans to qualified tenants of public housing. This program is available to participants in rental assistance programs and tenants of rental housing supported by CHFA, the U.S. Department of Housing and Urban Development, and local housing authorities.


  • benefits


    • Low interest rate 
    • Down payment assistance available 
  • eligible-properties

    Eligible Properties

    • Single-family homes, Townhouses, and Planned Unit Developments (PUDs)
    • FHA Approved or Fannie Mae-eligible Condominiums 
    • Two- to-four unit homes that have been used as residences for the past five years
  • eligibility

    Eligibility Requirements

    • You must be a tenant of public housing or receive rental assistance. Residents of properties managed or financed by CHFA, subsidized by HUD, or managed by a local housing authority also qualify.
    • You must meet minimum credit, income, and employment standards. 
    • You must be a first-time homebuyer or have not owned a home in the past three years. 
    • The home must be your primary residence.  Investment or vacation properties are not allowed.
    • The sales price of the home must be within the CHFA Sales Price Limits, and your gross income must be within the CHFA Income Limits.  The CHFA Resource Map can tell you if you are within program eligibility limits.


    Targeted Areas

    If you are not a first-time homeowner, or have owned a home in the past three (3) years, you may still be eligible for a CHFA loan if you plan to purchase in an area of the state targeted for revitalization, known as a Targeted Area.  (You may not own any other property at the time of loan closing)

    Applicants purchasing a home in a Targeted Area should follow the income limits for "Targeted Areas" reflected on the CHFA Income, Sales Price Limits, Target Area chart.

    The programs published interest rate may be reduced by 0.25% for eligible applicants purchasing in a federally Targeted Area of the state.

  • additional-considerations

    Additional Considerations

    • You must attend a free Homebuyer Education class prior to closing. The class will help you understand the home-buying process and offer tips for maintaining your new home. Classes are held online and at locations across Connecticut.
    • Federal mortgage insurance through the Federal Housing Administration (FHA), the Veterans Administration, USDA Rural Development or Private Mortgage Insurance may be required. Insurance may not be required for borrowers with a down payment of 20% or more.
    • In rare cases, you could be required to pay a Federal Recapture Tax if you sell your home within the first nine years, AND earn a profit, AND your income exceeds the designated Federal Recapture Tax Income at the time of sale. Should you fall into this category, you may be reimbursed by CHFA for the taxes paid if you complete and file the required forms. Consult a tax professional if you have questions on the Recapture Tax.

How to Apply

CHFA has nearly 70 participating lenders, so contact a CHFA- Participating Lender near you and apply! 

© 2024 Connecticut Housing Finance Authority. All Rights Reserved