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$35 million available for first-time homebuyer down payment assistance in CT
['Wshu']
News
Connecticut’s Time To Own program, which helps first-time homebuyers with down payments and closing costs, received an additional $25 million in funding from the state Bond Commission this summer.
The program, administered by the Connecticut Housing Finance Authority, offers up to $25,000 in forgivable loans to Connecticut residents who are buying a house in the state.
Susan Bysiewicz (D), nearly 3,000 first-time homebuyers have used the program since it opened in 2022.
“I'm looking forward to continuing the program and providing support to our partners and lenders,” Mosquera-Bruno said.
As of Sept. 22, more than $35 million was available for Time To Own.
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