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

It might be cold outside, but things are heating up at at HDF! 

The Statewide Downpayment Assistance program is off to a strong start in time for the Spring homebuying season. We've secured more than $12mm in commitments for our SmartMove Downpayment assistance program and brought on some great new partners. We will embark on several new multifamily housing initiatives this year, and we're gearing up for our annual benefit breakfast in the spring. 

2017 is going to be a great year!  To all our partners, supporters, friends and clients, warm wishes for a happy new year. 

Joan Carty
President & CEO
HDF Se cures $12.6mm+ in SmartMove Down Payment Assistance Capital
SmartMove III Agreement Approved

In December 2016, we closed our third SmartMove Loan Agreement, securing over $12.6 million in capital for our SmartMove downpayment assistance program. This funding will help income-eligible low- and moderate-income first time homebuyers to purchase their first homes. 

SmartMove III Participating banks include Bankwell, Chelsea Groton Bank, Citibank, Connecticut Community Bank, Fairfield County Bank, Farmington Bank, Housing Development Fund, M & T Bank, Ion Bank, Liberty Bank, Newtown Savings Bank, People's United Bank, Savings Bank of Danbury, Signature Bank, Union Savings Bank, United Bank, and Webster Bank .

For more information about SmartMove and our first time homebuyers, visit our website. 
HDF Invests $1.3mm in Manchester Affordable Senior Housing 
HDF Multifamily Energy Financing

Together with the MacArthur Foundation and CT Green Bank, HDF will finance energy efficiency upgrades for 275 units of affordable senior housing in Manchester, CT. CT Green Bank and HDF will fund $1.3 million of the deal with funds from the MacArthur Foundation.  
Adams Gardens in December.

In December, HDF-financed affordable multifamily development Millport Apartments in New Canaan, CT completed Phase 1 of construction.  Read more.

 Also in December, Adams Gardens in Greenwich, CT finished some important milestones as roofs and walls were completed before the end of the year. Read more.
HDF Awarded $1,400,000 from CDFI Fund
Capital for First Time Homebuyer Lending

The Housing Development has been awarded $1.4 million from the CDFI Fund to support our first time homebuyer lending program.

HDF received a $1.4 million Financial Assistance award to leverage additional investment in our SmartMove loan fund, which makes low-interest downpayment assistance loans available to income-eligible first time homebuyers in Connecticut and New York. Read more.
New Grants Awarded for First Time Homebuyer Program
Over $550,000 Awarded

Since late fall, HDF has been awarded more than a half million dollars in funding for our various first time homebuyer programs.

Longtime program supporter Eversource Energy awarded HDF $500,000 as part of our eleventh round of funding from the Connecticut Housing Finance Authority Housing Tax Credit
 Contribution program. This money is used to fund our Live Where You Work downpayment and
M&T Bank brings "the big check!"
 closing cost assistance program.  Read more .

We've been awarded $60,000 to support our first time homebuyer education and counseling funding programs. Funders include Bank of America, Webster Bank,   M&T Bank, People's United Community Foundation, and the Goodnow Fund. These contributions allow our programs to remain completely free of charge to those who need them most.
Washington Depot Program Update
HDF Provides Support for Local Program
HDF is administering a downpayment assistance program for the town of Washington, CT. Up to $10,000 of assistance, in the form of a 30-year, 0% loan, is available to qualified first time homebuyers purchasing eligible owner occupied properties within the Town of Washington.

2017 Annual Benefit Breakfast
May 25, 2017

Sponsorships and tickets are now available for HDF's 8th Annual Opening Doors to Opportunities Benefit Breakfast.  This annual event brings together hundreds of community leaders who are connected with HDF's efforts to bring affordable housing opportunities to local families

Our speaker this year is   Dr. Megan Sandel, who will speak on Housing as a Vaccine. Dr Sandel's work has found that affordable and stable housing plays a critical role in supporting the health and well-being of children and lowering health care spending.

Visit  Our Website