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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 out our LEAP guidelines to find out if this program will work for you!

Lender License Number ML840392

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.

 

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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 which can be combined with our NEW SmartClose program.

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

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