HDF Blog

HDF Awarded $1.4 million from CDFI Fund

September 28, 2016

The Housing Development has been awarded $1.4 million from the CDFI Fund to support our first time homebuyer lending program.

Since its creation in 1994, the CDFI fund has awarded more than $2.2 billion to CDFIs, community development organizations, and financial institutions across the nation.

HDF received a $1.4 million Financial Assistance award to leverage additional investment in our SmartMove loan fund, which makes low-interest downpayment assistance loans available to income-eligible first time homebuyers in Connecticut and New York.

HDF is one of 158 CDFIs awarded a total of $170.2 million in Financial Assistance for fiscal year 2016. Congratulations to all our fellow awardees – especially fellow CT CDFI Connecticut Housing Investment Fund.

We’re proud to be able to make affordable homeownership possible for even more hardworking families.