|
Connecticut Home Improvement Program
This program will help provide low-interest loans directly to homeowners for energy improvements and housing code repairs that make homes more energy efficient. (Administered by Capital for Change)
Loans for non-energy-related rehabilitation include:
- Roof repair/replacement
- Remediation of environmental health hazards
- Minor accessibility rehabilitation and repairs
- Other home improvements, such as remodeling bathrooms or kitchen, replacing flooring, etc., will be determined on a case-by-case basis and availability of funding
Time To Own – Rehabilitation Program
This program will help new homeowners who received assistance under the state’s Time to Own Program with forgivable loans to help with the costs of repairs and improvements on their new homes. This can include replacing a well or septic tank, a new roof, or improvements to plumbing and electrical systems. (Administered by Capital for Change)
Homeownership Construction Program
This program will provide grants of up to $150,000 per home for smaller developers and nonprofits to help cover the costs of new construction or rehabilitation of up to ten affordable homes. The new homes will be income-restricted long-term to drive stability and eventually allow the household to build equity and sell in the future. Both Capital for Change and the Housing Development Fund will administer these grants.
Two million dollars of this funding is reserved for a pilot program based in Hartford, and the City of Hartford is providing matching funds.
For information about Capital for Change, click HERE, email lending@capitalforchange.org, or call 855-656-5500.
For information about the Housing Development Fund, click HERE. First-time homebuyers and developers can call 203-969-1830 to be connected to a team member who can assist with next steps.
|
