The Housing Division is committed to sustaining and improving Hartford's livability through the development of new housing and the rehabilitation of existing housing throughout Hartford. Our programs target several of Hartford's housing goals and objectives, including density reduction, blight elimination, increasing homeownership opportunities, and improving the availability of quality, affordable multi-family rental units and homeownership units.
Affordable housing development sponsored by the City of Hartford should be compatible with and contribute to the design and character of the neighborhood. The City's programs promote a range of neighborhood revitalization efforts including the development of single-family owner-occupied homes and larger scale multi-family rental properties.
The Home Investment Partnerships Program (HOME) was established by the United States Department of Housing and Urban Development (HUD) and is authorized under Title II of the Cranston-Gonzalez National Affordable Housing Act, as amended. HOME is the largest Federal block grant to State and local governments designed exclusively to create affordable housing for low-income households. Program regulations are at 24 CFR Part 92. Funding for the HOME program is part of HUD's annual budget, which is approved by Congress and signed by the President. The HOME program encourages public and private partnerships by providing incentives for experienced nonprofit and for-profit developers to produce housing for low-income households. The program fills the housing gap that the private sector does not address. Private, public, and non-profit organizations work together to create affordable housing options.
In line with the misison of encouraging homeownership in the City of Hartford, the Housing Division administers the Appraisal Gap Financing Program (GAP). By creating a financial incentive for builders, developers, and non-profits to develop owner-occupied single and two unit residential homes, the developer is able to fill the "gap" between what it costs to build a home and the appraised value or sales prices of the home. Low to moderate income families are eligible to purchase homes subsidized with GAP funding through a loan that allows for full forgiveness after a minimum of 7 years of required owner-occupancy.