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Project Reinvest: Homeownership

Flexible homebuying assistance when you need it.

The Project Reinvest: Homeownership fund provides down payment assistance and/or closing cost assistance of up to $10,500 to income-eligible borrowers in CT and four Counties of New York State. Click here to download Project Reinvest income limits.

Homebuyers must also complete homeownership counseling and education throughHDF’s homeownership program. Click here to find out more about our first time homebuyer program and start your journey on our online client portal, HDF Compass.

Reinvest: Homeownership funds are available as a 0% second mortgage that is due upon sale, refinance, or transfer of the home. There is a $250 fee for the loan, and no term. Reinvest: Homeownership funds are available through NeighborWorks America and the 2014 Bank of America settlement and will be available through February 2019, or whenever all funds are expended.

The first mortgage must be provided by a bank who is participating in the Reinvest: Homeownership project, listed below.

 

CT First Mortgage Lenders

    Bankwell
    Chelsea Groton Bank
    Citibank
    Ion Bank
    Liberty Bank
    M&T Bank
    Newtown Savings Bank
    People’s United Bank
    Savings Bank of Danbury
    Stamford Mortgage Company
    Union Savings Bank

NY First Mortgage Lenders

Citibank
M&T Bank
People’s United Bank