The Connecticut Housing Investment Fund (CHIF) supports the creation and sustainability of affordable housing by providing responsive financial products and services.
Who we are
The Connecticut Housing Investment Fund, Inc. (CHIF) is a private, nonprofit organization established to finance affordable housing and neighborhood revitalization projects throughout Connecticut. Since its incorporation in 1968, CHIF has provided more than $128.5 million in financing to assist individuals and organizations purchase, rehabilitate, or construct homes for low and moderate income families.
CHIF offers several lending programs (NMLS #276717) designed to meet the affordable housing needs of low and moderate income individuals including: the Predevelopment Loan Program providing low interest loans to nonprofit organizations for predevelopment and planning activities; the Neighborhood Rebuilder Program which offers short term construction loans and bridge financing to nonprofit and for profit developers; the Interim Bridge Loan Program which makes bridge loans for interim financing to developers; and the Mobile Home Purchase Program which finances first mortgages for low-moderate income first-time homebuyers of mobile homes in the state of Connecticut.
CHIF also manages programs on behalf of other agencies and organizations. CHIF administers the Department of Housing's Energy Conservation Loan Program (ECL), a program providing financing for energy conservation improvements to low and moderate income single-family home owners, and the Multifamily Energy Conservation Loan Program (MEL) which provides financing for energy conservation improvements to multifamily property owners.
Additionally, CHIF provides Loan Servicing and Development Consulting services. In the loan servicing division, CHIF provides loan administration services for mortgage lenders including municipalities, state housing agencies, and nonprofit organizations. In the development consulting division, CHIF assists nonprofit organizations, housing authorities, and community organizations throughout Connecticut in developing affordable housing projects.
CHIF is certified by the US Treasury Department as a Community Development Financial Institution (CDFI) and has been designated a Community Housing Development Corporation (CHDC) by the Connecticut State Legislature.