The Connecticut Housing Finance Authority (CHFA) designates specific geographic locations within the state for prioritized housing assistance. These locations are chosen based on factors such as median income levels, housing affordability, and community needs. For example, a municipality with a significant percentage of households spending a high proportion of their income on housing might be designated as a prioritized area.
Prioritization directs resources, including financial assistance and program incentives, to areas where housing affordability is a significant challenge. This focus aims to increase homeownership opportunities and improve the quality and availability of affordable rental housing within these communities. Historically, these programs have played a critical role in revitalizing neighborhoods and expanding access to safe and stable housing for residents of Connecticut.
