For an owner occupied loan, the household income must be less than 80% of median income (view Income Eligibility Guidelines). The home must have sufficient equity available to apply.
For a non-owner occupied loan, the investor is required to fund 50% of project expenses and make housing available to low and moderate income families. CHIP works with local lenders that can assist investors with their portion of the project funding.
Check to see if you are eligible using this form > (Am I eligible for a CHIP loan?)