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 out our LEAP guidelines to find out if this program will work for you!
Lender License Number ML840392
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.