Home > Borrow > Landlord Entrepreneurs

Landlord Entrepreneurs

Stop paying rent -- start earning it!

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

HDF Requirements

Eligible borrowers must be income-qualified first time homebuyers intending to purchase a home within HDF’s service area. Please review either the Connecticut service area and income limits to see if you are eligible.

HDF defines a first-time homebuyer as someone who is buying a home for the first time, or who has not owned a home at any time in the last three years.

All borrowers will also be required to complete homebuyer education and one-on-one counseling with HDF or a partner counseling agency as part of the program.

if you meet these requirements, click below to start your journey!

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.

 

learn more

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 Training

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.

View Program Flyer in English

 

Got questions? See our FAQs here