Under 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 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.
The CT 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.
To be eligible, an applicant must live in Connecticut and occupy the property as their primary residence. The applicant also must have experienced a COVID-19-related financial hardship after January 21, 2020, or experienced a financial hardship before that date that was then exacerbated by the pandemic. The property must be an owner-occupied, one-to-four-unit house, condominium, townhouse, or manufactured home. A complete list of eligibility criteria and program parameters can be found at www.chfa.org/MyHomeCT.