CT Mortgage Relief Program Now up to $50K for Residents Affected by Covid-19

August 17, 2022 – Building Neighborhoods Together (BNT), a HUD-certified Resource Center for Connecticut Housing Finance Authority’s (CHFA) newest mortgage relief program, MyHomeCT, hosted a MyHomeCT Seminar with CHFA at its Bridgeport office yesterday. Interested parties were invited to learn about the grant and eligibility requirements. The goal of MyHomeCT is to cure mortgage delinquencies and defaults and prevent foreclosures among eligible homeowners that occurred as a result of the COVID-19 pandemic. The program also includes assistance for qualified non-mortgage expenses including, but not limited to, non-escrowed real estate taxes and insurance as well as condominium or homeowners’ association fees. In addition, since the launch of MyHomeCT, CHFA has increased the maximum award amount from $30,000 to $50,000.

Not only did CT homeowners attend the seminar, but various realtors and housing advocates participated both in-person and via livestream, so they could share the information with their clients and families.

Liisa Koeper, MyHomeCT’s Program Administrator, gave an overview of the foreclosure prevention program and fielded many questions from the audience. She was assisted by BNT Housing Counselor Manager & Foreclosure Prevention Specialist, Lizbeth DiFabbio, and Iris O’Halloran, MyHomeCT Technical Assistant, who will be the primary contacts for those applying through BNT.

BNT’s CEO Doris Latorre welcomed all the guests and commented on the long-term partnership they’ve had with CHFA and all the work they have accomplished together. “We are here today to talk about a very exciting program for a not so exciting time. A time when folks are experiencing issues and trying to stay in their home due to Covid-19,” explained Latorre “As one of the few HUD-Certified Housing Counseling agencies in CT, we are certified to also provide foreclosure and other housing counseling services in addition to providing help with the MyHomeCT application.”

As a HUD-certified MyHomeCT Resource Center BNT will be providing Foreclosure Prevention classes to many MyHomeCT grant recipients to help them get back on track and optimize the financial benefits received from the program. Also, BNT can assist with the completion of the application and are offering accessibility options to those who do not have the means to digitally submit paperwork online.

In addition to this program for current homeowners, BNT & CHFA have recently teamed up on a down payment assistance program, Time to Own, which focuses on providing down payment assistance grants up to $50,000 for individuals and families looking to purchase their first home.

For more information, call BNT at 203-290-4255 or visit www.bntweb.org or call CHFA at 877-894-4111 or visit www.chfa.org/MyHomeCT.

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