Home Assistance For Low To Moderate Homebuyers
Governor Ned Lamont announced today the launch of Time to Own, a new state program offering down payment assistance to low and moderate-income homebuyers in Connecticut. Now accepting applications as of today, the program provides a new source of funds for down payment and closing costs for applicants applying to the Connecticut Housing Finance Authority’s (CHFA) First-Time Homebuyer Program. It is being administered by CHFA on behalf of the Connecticut Department of Housing and is funded with $20 million that was allocated for homebuyer assistance by the State Bond Commission in December. “We all know one of the greatest obstacles to homeownership is having a down payment and covering closing costs,” Governor Lamont said. “This program breaks new ground, offering homebuyers the…
