Meet the Chen Family
First
Time Homebuyers
Homebuyer
Name: Chen
Family
Occupation/s: Librarian
Former Housing: Subsidized Rental, Stamford
New Home: BMR Unit, Stamford
HDF Program/s: BMR Program, First Time Homebuyer
Program
Financial Assistance Products: HDF SmartMove & Closing
Cost Assistance and Stamford Community Development Loan
Affordability Gap Closed by HDF: $100,000
HDF First Mortgage Partner: Citibank
"With the help of HDF and the City of Stamford, my family has a place that
we can call our own here in this high-cost area. We are very grateful to them." --
Ken Chen
Meet
the Hernandez Family
First
Time Homebuyers
Homebuyer
Name: Hernandez
Family
Occupation/s: Machine
Operator
Former Housing: Renters
in Danbury
New Home: Condominium
in Danbury
HDF Program/s: First
Time Homebuyers Program
Financial Assistance Products: HDF
SmartMove & Closing Cost Assistance
Affordability Gap Closed by HDF: $40,000
HDF First Mortgage Partner: Newtown
Savings Bank
"My family and I are thankful to HDF for all of their help. HDF gave us
the opportunity to own a home, making it possible that our monthly mortgage payment
was similar to what we paid for rent." -- Efrain Hernandez
Multi-Family
Borrower
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Multi-Family
Borrower
Developer: 130
Main Street LLC
Development Name: 130
Main Street
Location: Norwalk
Total Units: 19
Condominiums
Affordable Units: 5
Condominiums
HDF Financing Program: Multi-Family
Construction Loan of $5 Million
"HDF has worked very hard with the owners of 130 Main Street to bring this
complex project with historic and affordable elements to fruition."
--
Simona Tudor, co-owner
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