Download HDF Fact Sheet - Housing Development Fund, Inc.
Founded in Stamford in 1989, HDF now serves all of Connecticut, with offices in Stamford, Danbury and Bridgeport. HDF is certified by the US Treasury Department as a Community Development Financial Institution (CDFI), a chartered member of the NeighborWorks network, and one of the largest CDFIs in Connecticut, with over $90 million under management. HDF has made affordable housing available to hundreds of low- and moderate-income households including teachers, nurses, police officers, firefighters, and administrative professionals. We believe all families should have access to affordable housing, which in turn, helps to assure economic diversity and vitality in Connecticut. Awarded $1.45 million grant from the CDFI Fund to capitalize a loan loss reserve for LEAP Hosted a MegaCommunities Strategic Simulation in association with Booz Allen Hamilton and top business, government, and civic leaders to explore opportunities for regional level collaboration on energy efficiency solutions, and has convened cross-sector working groups to keep this conversation alive and to inform state policy on residential energy efficiency. In 2012, awarded funding by the Connecticut Housing Finance Authority for the Live Where You Work program for the seventh year in a row, for a total investment of $3.125 million to date and a total of 200 households helped. Exceeded 1,590 families helped through First Time Homebuyer Program—lending $67.2 million and leveraging $247.4 million in first mortgage funding. Chartered as a member of NeighborWorks America Charter since 2011. This Fiscal Year alone, awarded a combined $181,000 in grants for operations, collaboration and expansion efforts. Multifamily First Mortgages for 30 years at fixed rates for affordable rental housing. SmartMove low-interest second mortgages that offer up to 20 percent of the purchase price Multifamily Loan Fund First Time Homebuyer’s Program SmartMove Homeownership Program Homebuyer Assistance (HBA) loans that offer up to $10,000 to cover closing costs Live Where You Work Fund (formerly Workforce Housing Down-Payment Assistance Fund) that offers up to $20,000 loans to families that purchase a property in the town where they work Live Where You Work Foreclosure Intervention Counseling Landlord Entrepreneurship & Affordability Program (LEAP)