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05/02/2022

Governor Lamont Announces Start of MyHomeCT: A Federally-Funded Mortgage loan Relief Application for Connecticut Home owners Economically Impacted by the COVID-19 Pandemic

(HARTFORD, CT) – Governor Ned Lamont today announced the launch of MyHomeCT – a new Point out of Connecticut software that is offering home loan aid to property owners who have seasoned economic hardships due to the COVID-19 pandemic.

It is getting funded by $123 million that the Connecticut Division of Housing acquired from the federal American Rescue Plan Act, and it is currently being administered by the Connecticut Housing Finance Authority.

“The community health and fitness crisis that we’ve skilled in excess of the past two several years has had a considerable impact on the means of many home owners to fork out for the fees of their housing, which is why we are dedicating this funding to present substantially-needed support,” Governor Lamont claimed. “Thanks to the American Rescue Program Act and the guidance of our Congressional delegation, MyHomeCT will relieve some of the fiscal load that owners have confronted for the duration of this pandemic and will assistance assure that their housing condition continues to be steady. I persuade any house owner who has appear throughout difficult times because the pandemic to master extra about the software and look at making use of.”

The software is furnishing grant aid to house owners who have professional trouble meeting their home loan obligations or other housing fees due to a COVID-19-similar money hardship. For house owners who fulfill the eligibility requirements, this aid could contain bringing a property finance loan existing or building potential home finance loan payments. Help is also available for other involved housing prices, including but not limited to non-escrowed genuine estate taxes, condominium and homeowners’ affiliation service fees, non-escrowed homeowners’ insurance coverage, and municipal tax liens. Home owners may utilize for up to $30,000 in grant aid, and payments will be produced instantly to the home loan servicer or financial debt holder.

To be qualified, an applicant will have to reside in Connecticut and occupy the residence as their primary home. The applicant also need to have skilled a COVID-19-related economical hardship immediately after January 21, 2020, or professional a money hardship prior to that date that was then exacerbated by the pandemic. The property must be an owner-occupied, just one-to-4-device household, condominium, townhouse, or made home. A total list of eligibility conditions and system parameters can be uncovered at www.chfa.org/MyHomeCT.

“The COVID-19 pandemic has only exacerbated our nation’s severe affordable housing disaster,” the users of Connecticut’s Congressional delegation claimed in a joint statement. “Thanks to the American Rescue Plan Act, the Connecticut Office of Housing gained $123 million to assist preserve persons in their residences. Connecticut people can apply by way of MyHomeCT to receive assistance shelling out their property finance loan or other housing expenses.”

“Due to quite a few unexpected circumstances, these as career losses or the require to care for beloved ones, thousands of Connecticut home owners are now in the predicament where by they have to have help or they will be in threat of losing their houses,” Seila Mosquera-Bruno, commissioner of the Office of Housing, said. “The MyHomeCT application will tackle a excellent need in our point out by offering immediate aid to cure or stop home finance loan delinquencies and pay back for other housing connected costs.”

“We encourage homeowners who have expert financial trouble through the pandemic to discover much more about this extremely essential guidance application, which will deliver them a significantly-wanted lifeline again to economical restoration,” Nandini Natarajan, executive director and CEO of the Connecticut Housing Finance Authority, claimed. “Our key purpose is to hold men and women in their properties, and we will work hard to assure the guidance reaches suitable owners as quickly as feasible.”

Homeowners trying to find far more info about MyHomeCT or who want to apply have many possibilities for performing so:

  • Online: To read through more information about the method or utilize on the web, stop by www.chfa.org/MyHomeCT. This web page also is made up of a short on the internet questionnaire that can help house owners to master if they are qualified.
  • In-particular person: Owners who may perhaps need further assistance or who would like to discuss to a person in-person can go to a person of quite a few MyHomeCT Useful resource Facilities all through the state. A record of those people spots can be uncovered at www.chfa.org/MyHomeCT.
  • Telephone: Home owners who have inquiries can phone the MyHomeCT hotline at 877-894-4111.
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Twitter: @GovNedLamont

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Fb: Place of work of Governor Ned Lamont

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By AKDSEO