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Colorado Housing and Finance Authority
CHFA Mortgage Credit Certificate
The CHFA Mortgage Credit Certificate (MCC) program will help you save money each year that you live in your home! With the MCC program you can claim up to 20 percent of your paid mortgage interest each year as a tax credit on your federal IRS tax returns. The remaining 80 percent is still eligible for the home mortgage interest deduction.Every year, you may claim a dollar-for-dollar reduction of income tax liability on 20 percent of the mortgage interest on your first mortgage, reducing the amount of federal taxes owed.
CHFA FirstStep and CHFA FirstStep Plus
The CHFA FirstStep and CHFA FirstStep Plus statewide Mortgage Loan programs are available to first time homebuyers and eligible veterans. These programs offer affordable interest rates and a 30 year term. CHFA FirstStep Plus includes a 30 year fixed rate second mortgage loan to assist with down payment and/or closing costs.Borrowers must meet income and purchase price limits, as well as complete a CHFA approved first time homebuyer education class. CHFA FirstStep and CHFA FirstStep Plus loans may be subject to the (CHFA reimbursable) IRS Recapture Tax and may not be used in conjunction with the Mortgage Credit Certificate (MCC) program.
CHFA HomeOpener and CHFA HomeOpener Plus
CHFA HomeOpener and CHFA HomeOpener Plus are statewide first mortgage programs available to homebuyers. There are no purchase price limits or first time homebuyer requirements, and mortgage loans originated in these programs are not subject to the Recapture Tax provision.The CHFA HomeOpener Plus program includes the CHFA Second Mortgage Loan to assist with down payment and/or closing costs for a single family property. The programs offers market interest rates.
Featured Government Grant Resources
Second Mortgage Loan Program and Mortgage Credit Certificate for Homebuyers in North Carolina
One of the more popular programs is the FirstHome Mortgage Program for First Time Homebuyers which offer significantly low interest rates and a rather low fixed 30-year mortgage plan.
California Housing Finance Agency
The California Housing Finance Agency, otherwise known as CalHFA, is an independent, self-supporting agency that was chartered to as the State's affordable housing bank to make low interest rate loans through the sale of tax-exempt bonds; with these bonds being repaid by revenues generated through mortgage loans, instead of taxpayer dollars.
Social Entrepreneurship
Spotlight
Coat Design Saves Lives and Launches New Careers for Homeless People
Empowerment Plan is a nonprofit aimed at helping countless homeless people find jobs. To combat the country’s homeless crisis, the Plan hires homeless people and teaches them how to make coats for the homeless suffering on the streets.
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