HDF’s mission is to facilitate the development of affordable rental and homeownership opportunities. HDF accomplishes this mission through assisting households in becoming and remaining owners of affordable homes, and through financing affordable rental opportunities for low and moderate income households.

With help from HDF, first time homebuyers become homeowners through free counseling and unique lending products, developers build affordable housing units with competitive financing, and homeowners are encouraged and supported through innovative programs.

Public and private investment through HDF is making sustainable homeownership a reality, one #HDFHome at a time. HDF leverages private investment to make public subsidy dollars work harder to create affordable housing, offering lenders the opportunity to invest in the sustainable ownership of our communities. We work with state and local governments to develop innovative housing solutions and to identify qualified homebuyers for affordable housing and homebuyer assistance programs.

HDF is a HUD-Certified counseling and lending agency. We are certified by the US Treasury Department as a Community Development Financial Institution (CDFI), a Chartered Member of NeighborWorks America, a CARS rated agency (AA +2), and a member of the Opportunity Finance Network and the Housing Partnership Network. HDF is an equal opportunity lender.


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The Housing Development Fund, Inc was established in 1989 as a nonprofit organization to finance the development of affordable housing in Stamford, CT.

Early on, we provided financing for developers of affordable housing, downpayment assistance loans for first time homebuyers, and were instrumental in establishing inclusionary zoning in both Stamford and Norwalk. In 1999, we merged with Adopt-a-House and began to provide free homeownership counseling services to homebuyers. Since then, through a series of strong local partnerships, HDF’s services have become available to an increasing number of homebuyers.

Today we have offices in Stamford and Bridgeport, providing unique lending products and free homeownership counseling. With more than $151 million in funds under management, our programs include the pre-development, acquisition, rehabilitation, and construction of affordable housing, as well as downpayment and closing cost assistance loan programs for low- and moderate- income families.

Our service area includes the entire state of Connecticut as well as the counties of Nassau, Suffolk, Rockland, Putnam, and Westchester counties in New York state, and the five boroughs of New York City.


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Joan Carty

President & Chief Executive Officer


Jaclynn Marie Alves

Director of Residential Lending


Gina Delano

Interim CFO

Elizabeth Frost

Director of Development and Communications


Roxana Ubillus

Director of Homebuyer Development


Chris Bogacki

Data & Administrative Manager

Johanna Cabrera

Staff Accountant

Mary Alice Dinho

Homeownership Advisor

Gina Feliz

Princeton Fellow / Development Assistant

Kayte Graveline


Ana Martinez

Accounting Assistant

Jerry Morgan

Senior Homeownership Advisor

Maxine Murray

Loan Closing Specialist

Brianna Norman

Loan Processor

Eliot Pacheco


Melanie Ramos

Intake Specialist

Maria Sanchez

Servicing Coordinator

Wanda Smiling

Counseling Support Specialist

Richard Zelinsky

IT Business Line Data Analyst


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