June is National Homeownership Month and while families today face numerous challenges when it comes to obtaining their first home, a recent survey conducted for the Connecticut Housing Finance Authority by The Center for Research & Public Policy (CRPP), found than an estimated TWO-THIRDS of Connecticut renters say they are very or somewhat interested in owning their own home.
CHFA’s offers below-market interest rate mortgages to help low- and moderate-income first-time buyers make the transition from renters to homeowners. The current interest rate is 2.75 percent for a 30-year fixed mortgage.
“The dream of homeownership remains alive and well,” said Eric Chatman, President and Executive Director, CHFA. “Homeownership is an important aspiration for Connecticut families, and as an Authority, we are committed to helping qualified families achieve their dreams.”
The survey, which polled residents geographically proportional to population contribution of renters statewide, was conducted between April 8 and May 2, 2013. A total of 600 Connecticut renters participated in the survey.
“We truly believe that with mortgages programs like those offered by CHFA, residents that perhaps were unsure of homeownership, will actually get the opportunity to experience it for themselves,” added Mary Ann Hebert, President of the CT Association of Realtors.
Since 1969, CHFA has helped more than 130,000 Connecticut individuals and families become homeowners through its low-interest, single-family mortgage programs. For more information on CHFA and its variety of programs, visit them at: www.chfa.org.
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About the Connecticut Housing Finance Authority
The Connecticut Housing Finance Authority (CHFA) was created in 1969 by the Connecticut Legislature as a self-supporting quasi-public housing agency charged with expanding affordable housing opportunities for the state’s low- and moderate-income families and individuals. CHFA has helped more than 130,000 Connecticut individuals and families become homeowners through its low-interest single-family mortgage programs. In addition, CHFA has financed the creation of nearly 40,000 affordable, quality rental units throughout the state. To date, the combined mortgage financing for CHFA’s single- and multifamily housing programs exceeds $11 billion.
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