The Community Investment Act will provide up to
$5 million annually to the CT Housing Finance Authority to provide support for:
Developing single family mortgage programs- that will increase home ownership opportunities in targeted urban areas where the home ownership rate is less than 50%.
Creating a predevelopment loan program to assist non-profit developers- to pay for costs associated with the preliminary planning and design of affordable housing.
Developing a pilot program to provide technical assistance- to help suburban and rural communities with the development of appropriate affordable housing.
Funding the Housing Authority Tenants Special Opportunities Families Fund (HATS-OFF)- which will help public housing authorities take steps to improve the living environment for their tenants.
For more information:
www.chfa.org or call, (860) 721-9501