What you should know about MyHomeCT

Since the beginning of the COVID-19 pandemic, many families have fallen behind on their regular housing payments, placing them at risk of losing their homes to foreclosure. According to the Harvard Joint Center for Housing Studies, more than one-third of Connecticut homeowners have lost employment income, and more than 1 in 9 have fallen behind on housing payments at some point during the pandemic.

As part of the American Rescue Plan Act of 2021, Connecticut has been awarded approximately $123 million to establish MyHomeCT, a program funded by the Homeowner Assistance Fund.

The Connecticut Department of Housing is the responsible entity for the program and has designated the Connecticut Housing Finance Authority (CHFA) to administer it on its behalf.

Applicant must live in the state of Connecticut and occupy the property as their primary residence.

Applicants must have experienced a COVID-19 related financial hardship after Jan. 21, 2020 or experienced a financial hardship before Jan. 21, 2020 which was then worsened/extended by the pandemic.

Assistance for a delinquency existing from prior to Jan. 21, 2020 is capped to three months so any amounts owed before October 2019 will not be eligible. Real estate property taxes that were assessed on the October 2018 Grand List and subsequent Grand Lists are eligible expenses.

Property must be an owner-occupied

1- to 4-unit house, condominium, townhouse or manufactured home. Homeowners applying for mortgage assistance must have a mortgage that had a principal balance at or below the Federal Housing Finance Agency’s conforming loan limits for Fannie Mae and Freddie Mac at the time of origination.

Household income must be equal to or less than 150% area median income, adjusted for household size.