Owning your own home can be a great step towards financial stability. But what if the biggest investment of your life could also grant you an income and help you to achieve financial independence? Buying a multifamily home and becoming an owner-occupant landlord entrepreneur can help you do that.
The Landlord Entrepreneurship Affordability Program (LEAP) is designed to help income-eligible landlord entrepreneurs purchase 2-4 family homes in the state of Connecticut. Through LEAP, you can take advantage of financing, education, and counseling designed to help you achieve sustainable and responsible homeownership as a landlord entrepreneur.
If you’re interested in becoming an landlord entrepreneur, LEAP is the program for you! Contact us for more information.
LEAP program benefits
Low-Interest First Mortgage
LEAP borrowers have access to a low interest first mortgage through the Connecticut Housing Finance Authority.
Downpayment and Closing Cost Assistance
LEAP borrowers are eligible to apply for downpayment assistance and closing cost assistance from HDF. This can include HDF’s loan products, including SmartMove, LEAP Downpayment Assistance, and Project Reinvest.
Counseling and Education
LEAP borrowers are eligible for HDF’s state of the art pre-purchase counseling and homebuyer education program to guide them through the homebuying process. Click here to learn more about our counseling and education options.
Landlord Education provided by a CHFA approved counseling agency will include tenant selection, Fair Housing laws, record keeping, and the eviction process. This maintenance and post-purchase training is designed help you to be a successful owner-occupant.