Apartment Conversion for the Elderly (ACE) Program
This program enables homeowners aged 62 and over to convert space in their single-family home into an accessible apartment or build an addition to create an apartment. The residence must be a single-family home. A Connecticut Housing Finance Authority (CHFA) loan refinances the existing mortgage and finances the construction costs. Rent from this new space provides additional income to older homeowners who wish to remain in their current homes.
Learn more. Contact the Connecticut Housing Finance Authority to find out about the Apartment Conversion for the Elderly Program at 1-860-571-3502.