Frequently Asked Questions

FAQ - Central City Affinity Program

Who Is Eligible?
People's United Bank has designed this program to make homeownership possible for all employees of participating employers. They may qualify for any one of People's United wide variety of mortgage programs if they:

• Are a first time homebuyer
• Are a resident of public housing;
• Currently rent or own a home and wish to purchase a home within a Housing and Urban Development (HUD) central city
• Want to refinance or refurbish their home within any of the identified central cities

All 1 to 4 family homes and approved condominiums are eligible for the program as long as they are to be primary residences.

Is the employee eligible if they currently own a home in another town?
Yes, this program will make it easier for the employee to sell their home and move into a participating central city by offering these same benefits to their buyer.

Does the employee have to purchase a property in the city where they work?
No, however, properties must be located in any one of the HUD desingated Central Cities or approved census tracts.