making homeownership work for you
Owning your own home can be a great step towards financial stability. But what if the biggest investment of your life could also help you achieve financial independence? Buying a multifamily home and becoming an owner-occupant landlord can do just that.
The Landlord Entrepreneurship Affordability Program (LEAP) helps income-eligible first time home buyers in Connecticut purchase 2-4 family homes. The program also focuses on sustainable and responsible multifamily home ownership for landlord entrepreneurs through education and training.
Check your eligibility
If you have a specific question about the program, select “Landlord Entrepreneurship Program LEAP” on our contact form and we will get in touch with you via email.
Low-Interest First Mortgage
Together with the Connecticut Housing Finance Authority (CHFA), eligible borrowers in the LEAP program can access low-interest first mortgages.
Downpayment and Closing Cost Assistance
HDF borrowers are eligible to apply for other downpayment and closing cost assistance besides LEAP. A full list of programs is available here, including SmartMove and Project Reinvest.
Counseling and Education
In order to support new homebuyers, HDF’s provides pre-purchase counseling and homebuyer education programs for LEAP borrowers as part of the program.
Landlord Education provided by a CHFA approved counseling agency will include tenant selection, Fair Housing laws, record keeping, and the eviction process. Completing this maintenance and post-purchase training will also help ensure your success as an owner-occupant.