Spring Updates from the Housing Development Fund
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Housing Development Fund 
Spring 2017 Newsletter
Dear Friends,

This spring has been a season of growth and expansion for HDF. Despite the uncertainty of the time, we're securing public and private investment in homeownership in communities across Connecticut and New York.

With the help of partners like CT Department of Housing, the CDFI Fund, and NeighborWorks America, and supporters like you, we're proud to continue to help first time homebuyers chart a course to stable homeownership with free counseling and education and affordable financing options.

We're making more affordable multifamily housing available in our communities and starting community conversations about the intersection of housing and other community issues like healthcare. 


President & CEO
$3.4 Million Awarded for NeighborWorks Reinvest
A new downpayment assistance option is now available!

A total of $3.4 million in lending capital is now available for first time homebuyers in CT and New York State. Up to $10,500 is available to first time homebuyers who are at or below 100% AMI in the form of a 0% patient loan for downpayment and closing cost assistance.

These funds can be layered with HDF's SmartMove and many of our other downpayment assistance products, allowing first time homebuyers to purchase their home at a lower cost than if using a conventional first mortgage alone.

Find our more about the program on the website at www.hdfconnects.org/reinvest or give our Business Development Specialist Alba a call at 203-969-1830 x 2003.

CT Statewide Downpayment Assistance Updates
Up to $25,000 for First TIme Homebuyers in CT

To date, 16 homebuyers have received over $250,000 in assistance from the Statewide DAP program. From Rocky Hill to Danbury, these homebuyers received an average of $16,000 to help with closing cost and downpayment assistance. We are looking forward to helping even more people access these funds throughout the summer selling season!

Through Statewide DPA, up to $25,000 in is available to income-eligible first time homebuyers in High and Very High Opportunity Census Tracts across the state of Connecticut. Homebuyers must meet eligibiltiy guidelines and complete HDF counseling and education requirements. 

2017 Benefit Breakfast & Panel
Health and Housing Focus Draws 200+

On May 25th, HDF celebrated our 25th Annual Benefit Breakfast at the Greenwich Hyatt Regency. Over 200 friends, supporters, and partners gathered to support HDF's mission and raised raised over $65,000  to support HDF's first time homebuyer counseling and education programs.

Keynote Speaker Megan Sandel explored the theme of 'Housing as a Vaccine' . Key sponsors for the breakfast included  the  Goodnow Fund Bankwell M&T Bank People's United Bank TD  Bank and many others.

Following the breakfast, a panel moderated by Fairfield County Community Foundation's Nancy von Euler continued the discussion of health and housing. Panelists included Dr. Sandel, Sarah Tucker of First County Bank, and Brenda Torpy of the Champlain Housing Trust. The panel was sponsored by the Federal Home Loan Bank of Boston.
Adams Gardens Update
Construction Update
Work continues on the Adams Gardens development in Greenwich, which is adding 11 new units of affordable housing in the Riverside neighborhood. Units are already being leased out. By the end of the summer, eleven lucky families will be living in these beautiful homes!

HDF Featured in NeighborWorks Network Video
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