Assistance for a delinquency existing from prior to Januis 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.Applicants must have experienced a COVID-19 related financial hardship after January 21, 2020, or experienced a financial hardship before Januwhich was then worsened/extended by the pandemic.In some cases, award recipients may be required to attend a foreclosure prevention and budgeting class to receive ongoing mortgage or non-mortgage assistance.Ī homeowner may be eligible for one or more grants, not to exceed the MyHomeCT program maximum award of $50,000. * After the initial reinstatement for ongoing assistance, there must be enough funds remaining to make at least 6 months of payments without exceeding the Program maximum assistance amount. fees that were advanced by the loan servicer/mortgage company on behalf of an applicant with a reverse mortgage.
condominium and/or homeowners' association special assessments.condominium and/or homeowners' association fees.homeowners' insurance and flood insurance.real estate taxes (2018 Grand List forward).Qualified expenses for either program can include: Assistance may also be used to cure an arrearage (total overdue amount) if there is one. Up to 12 months of assistance for homeowners who are unable to make their qualified non-mortgage expense payments going forward. One-time payment of delinquent qualified non-mortgage expenses to bring them current on behalf of a homeowner who can afford to pay these expenses going forward, after being caught up.
Up to 12 months of monthly mortgage assistance for homeowners who are unable to make their payments going forward. Mortgage reinstatement for homeowners who have an arrearage (total overdue amount) but have the ability to make continued monthly payments.
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