January 5th, 2018
HDF’s 2016-2017 Annual Report is finally ready.
To read the 2016-2017 Annual Report, please see HERE.
The 2016-2017 Annual Report covers HDF’s achievement in multifamily affordable housing development in CT, and statistics from our homebuyer counseling service, homebuyer education program, and downpayment and closing cost assistance. The Annual Report also recaps the 2017 Benefit Breakfast event and HDF’s financial status in 2016-2017 fiscal year.
In the past two years, we’ve also introduced two new downpayment assistance programs which will infuse $6 million in downpayment assistance for first time homebuyers in Connecticut and New York. These programs – Project Reinvest: Homeownership, and Connecticut Statewide Downpayment Assistance – are the result of longstanding collaborations with our partners at NeighborWorks America and the State of Connecticut, respectively. Such collaborations are key to addressing our affordable housing crisis on the local, state, and national levels.
We’ve expanded our multifamily rental financing programs, with more than $3.7 million invested over the past two years in affordable rental housing in Connecticut. We’re working with CT Green Bank and the MacArthur Foundation to invest $5 million in affordable multifamily rentals for energy efficiency and sustainability.
Internally, we’re reaping the benefits of several years of innovation, including investments in our staff, our technology, and our internal infrastructure. We have the capacity and resources to help more first time homebuyers and finance more affordable rentals than ever before – and we’re doing it. Thanks are due to our partners, our supporters, our staff, and most importantly the hardworking families and individuals who are able to purchase homes with HDF’s guidance. We couldn’t do it without you.
To read the 2016-2017 Annual Report, please see HERE.