YOU are what we are all about!
We believe that all people are entitled to live in a safe neighborhoods, void of blight, systemic poverty, and reckless crime, and made it our mission to make that a reality.We aim to rebuild in New Haven's most underserved communities, developing revitalized communities of choice for residents, opening doors to homeownership, creating job opportunities, and fostering economic development.
- 01/18/2012
New downpayment requirements could restrict access to affordable housing - If federal regulators approve a proposal through the Dodd-Frank act to require 20% downpayments on housing purchases, nearly 3/4 of minority homebuyers could be excluded from achieving the American Dream. more..
- 01/01/2012
CHFA strives to support current homeowners struggling with mortgages - The Emergency Mortgage Assistance Program (EMAP) and CT Fair Alternative Mortgage Lending Initiative & Education Program (CT FAMLIES) provide much needed assistance to homeowners facing hardship and struggling to pay their monthly mortgage bill. more..
According to a 2005 study by Partnership for Strong Communities, adequate affordable housing is simply inaccessible to the average Connecticut family. Families in 157 out of 175 Connecticut municipalities do not earn enough income to qualify for to purchase a home at the median sales price in their town.
In New Haven, 22% of the population lives below the poverty, earning less than $28,000 per year. 70% of the housing stock is renter-occupied with over 60% of rents over $750 per month.
