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Housing Development Fund, Inc.
Housing Development Fund, Inc.
Amount
Varies
Deadline
Rolling
Odds
Not published
Effort
1 to 2 hrs
Can you get this?
✓For first-time homebuyers seeking home purchase
✓Service area: Connecticut or New York
✓For developers building affordable homes
✓Downpayment/closing cost loans up to 25% purchase price
Your real odds
No public approval rate data exists, but HDF's CDFI status means its underwriting is more flexible than a traditional bank's because community impact drives the decision, not profit.
Submissions are rolling, so there is no deadline pressure, though loan amounts and terms are not publicly disclosed and will vary by project. HDF emphasizes competitive financing for developers working on affordable housing, so your deal needs to fit that lane clearly.
What it takes
Review lending programs to confirm eligibility1 to 2 hrs
Contact HDF to discuss your project1 week
Submit loan application with project details
Worth knowing
HDF actively pursues public-private partnerships, so arriving with an existing partner or matching capital already in place gives your application more to stand on than a concept alone.
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