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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 through HDF’s homeownership program.


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 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
    United Bank

NY First Mortgage Lenders

Citibank
M&T Bank
People’s United Bank

 

PROGRAM Materials

Printable materials about this downpayment opportunity.