Home > Invest > Participating Lenders

Participating Lenders

Invest in sustainable homeownership through HDF.

The Housing Development Fund offers lenders the opportunity to invest in affordable housing through its lending consortiums, purchasing a stake in the sustainable ownership of our communities. HDF offers financing that families can understand and manage, and the education and support they need to put their best foot forward. Our loans fit within the true value of each home, and they come with careful advice and preparation for every borrower. HDF borrowers are prepared, supported, and motivated to excel as homeowners.

To become a participating investor, a bank or a corporation must agree to the existing agreement between HDF and the banks already in the pool. This agreement is revised periodically, and participations are renewed annually, at which time new lenders may join the pool. Investors in our loan pools can elect to serve on our different Loan Committees, which review the loans made through HDF.

Currently, there are three consortiums:

SmartMove Connecticut

SmartMove Connecticut (also known as SmartMove II) is a consortium organized around HDF loans made in Connecticut. Current members of the SMCT consortium include:

         Bankwell 

         Chelsea Groton Bank 

         Citibank 

         Connecticut Community Bank 

         Fairfield County Bank 

         Farmington Bank 

         Housing Development Fund 

         Ion Bank 

         Liberty Bank 

         M&T Bank 

         Newtown Savings Bank 

         People’s United Bank 

         Savings Bank of Danbury 

         Stamford Mortgage Company 

         Signature Bank 

         Union Savings Bank 

         United Bank 

         Webster Bank 

    SmartMove New York
    SmartMove New York is a consortium organized around HDF loans made in New York through HDFConnects. Current members of the SMNY consortium include:

             Citibank 

             M&T Bank 

             People’s United Bank 

             Ulster Savings Bank 

             Webster Bank 

    Multifamily Consortium
    HDF’s multifamily consortium is organized around HDF’s multifamily loans in Connecticut.  Read more about our Multifamily lending program on our borrowers page.

    Current members of the Multifamily Consortium include:

             Bankwell 

             Connecticut Community Bank 

             Darien Rowayton Bank 

             First County Bank 

             First Republic Bank 

             M&T Bank 

             Newtown Savings Bank 

             People’s United Bank 

             Savings Bank of Danbury 

             Union Savings Bank 

             Webster Bank