Understanding the New State Mortgage Relief Program MyHomeCT

MyHomeCT, a new state program that provides mortgage relief to homeowners who experienced financial hardship due to the pandemic, is now accepting grant applications.

Assistance may include bringing a mortgage current or making future mortgage payments. Assistance is also available for other associated housing costs, including non-escrowed real estate taxes, condominium and homeowners association fees, non-escrowed homeowners insurance or municipal tax liens. Homeowners may apply for up to $30,000 in grant assistance, and payments will be made directly to the mortgage servicer or debt holder.

To be eligible, an applicant must live in Connecticut, occupy the residence as their primary residence, and show proof of financial hardship after January 21, 2020. A complete list of application requirements, eligibility criteria and program parameters can be found here.

The MyHomeCT program is funded by $123 million the Connecticut Department of Housing received from the American Rescue Plan Act, and is being administered by the Connecticut Housing Finance Authority.