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New Haven

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The Livable City Initiative (LCI) is a city department and the primary agent for neighborhood development. It administers a variety of housing and neighborhood revitalization activities, combining public improvements and rehabilitation incentives with private investment. Financial resources available include U.S. Department of Housing and Urban Development’s Community Development Block Grant (“CDBG”) funds, HOME 20 Program funds, State of Connecticut Department of Housing funds, and local capital project funds and funds available under the Lead-based Paint Hazard Reduction Program. In the last five years, the City has supported the renovation and new construction of 519 units of housing. Part of this success, 321 housing units (201 ownership/120 rentals) was attributed to a $7 million state investment, which wasleveraged seven times to $52,549,302 supporting 26 projects. In addition to new units of housing, LCI administers a downpayment and closing cost program and a homebuyer gap financing program, which has assisted 144 families over the past five years.

Contact Name: Livable City Initiative

Contact Phone: 203-946-7090

Yale University has established a first-time homebuyer program for its employees. In January 2008, The Yale Corporation voted to renew and increase the program by another 20%. The program provides up to $30,000 incentive for faculty and staff who purchase homes in New Haven neighborhoods. By mid-2008 Yale’s $21 million investment has benefited 835 new homeowners and leveraged $130 million in home sales.

In July, 2006 Yale-New Haven Hospital (YNHH) announced a new program offering assistance to hospital employees who are first-time home buyers. The new Home Ownership Made Easier (H.O.M.E.) program provides eligible full-time employees up to $10,000 in forgivable five-year loans, as well as other incentives and home buying support, when they purchase a home in the city of New Haven. The hospital will pay down the amount of the loan if the employee continues to work at YNHH and live in the home for five years. If hospital employees purchase a home in one of four New Haven neighborhoods – the Hill, Dwight, West River and City Point – they will be eligible for a $200 a month mortgage subsidy for the first two years of their home ownership.

The Real Options, Overcoming Foreclosure (ROOF) Project is here to help. Growing out of Mayor John DeStefano’s mortgage foreclosure task force, ROOF is a coordinated response to the growing mortgage foreclosure crisis in New Haven. We raise awareness of foreclosure issues, coordinate assistance to at-risk borrowers, and develop strategies to stabilize neighborhoods with a concentration of foreclosures.