Certain geographical areas of the state are federally designated as a “Targeted Area” by either HUD or the IRS. These Targeted Areas may include entire counties or certain census tracts within a county. For a comprehensive list please see Chapter 11 of the CHFA Seller’s Guide.
How does lending in a Targeted Area help the borrower?
- Households with higher incomes may be eligible for our lowest interest rate loans plus down payment and/or closing cost assistance.
- Non-first time homebuyers may be eligible for much-needed down payment and/or closing cost assistance plus a great interest rate.
- MCCs are available for non-first time homebuyers if they are buying a home in a Targeted Area.
Learn more about targeted areas in the
Understanding Targeted Area Benefits webinar. Maps
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