Connecticut Home Improvement Program (CHIP) Loans finance necessary home improvements for low- and moderate-income homeowners. This program is funded by the State of Connecticut Department of Housing (DOH) and is administered by C4C. These loans finance improvements up to $35,000 at an interest rate between 0% - 3%, depending on household income. 

 

Credit exceptions and deferred payment options may be available to income-eligible applicants who do not meet the standard eligibility criteria, but have an emergency situation requiring immediate repair.

Eligibility

• Applicants must own and occupy a single or 2-4 family home (includes condos and mobile homes) in the State of Connecticut.

• Household income must be within program limit (View Limits Here)

• Credit history must demonstrate ability to repay loan as agreed

• Taxes and insurance for the property must be current

• Projects that are underway or completed will not qualify for financing

• All work must be completed by a C4C Participating Contractor (View List Here)

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Loan Terms
•    $500 to $35,000 loan amount
•    0% - 3% interest rate
•    10-year maximum repayment term
•    No prepayment penalty

 

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Eligible Improvements* 
•    ENERGY STAR® Appliances
•    Siding
•    Roofing repair/replacement
•    Repainting (interior and exterior)
•    Gutters/Downspouts
•    Chimney repairs
•    Well repair/replacement

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*  Related work may be included if required to install an eligible improvement