Funding For West Haven for Revitalization Project, Time To Own Program Reopens

October 24, 2024


 
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Greetings Community!

You may remember last month that the Community Investment Fund (CIF) earmarked $250,000 for development planning for West Haven's downtown Village Improvement District. The deal is now sealed following the State Bond Commission's final approval this week! 
I thank Governor Lamont, the State Bond Commission, and the CIF for understanding the need for this funding and its commitment to West Haven.
 
TIME TO OWN PROGRAM REOPENS
Great news for low and moderate-income homebuyers in Connecticut!

This week, the State Bond Commission also approved $40 million in state funding to reopen the popular

Time To Own program to a new round of applicants.
 
Time To Own has helped thousands of people buy their first homes since launching in 2022. The program provides forgivable loans for down payments and closing costs and has enabled individuals and families to achieve the dream of homeownership, fostering long-term financial stability and contributing to stronger communities.
 
To date, Time To Own has helped more than 4,800 homebuyers in 149 towns buy their first homes, more than half of whom are people of color. With the new funding allocation, Connecticut has invested $195 million in the program.
For more information on eligibility, additional considerations, and how to apply, please click HERE.  
 
REMEMBERING ROBERT SHARKEVICH SR.
I am sending my heartfelt condolences to the Wethersfield Fire Department and the family of Firefighter Robert Sharkevich Sr., who made the ultimate sacrifice in the line of duty.

Please feel free to contact me at the Capitol at 1-800-842-8267 or by email at Trenee.McGee@cga.ct.gov if you have any questions or concerns.

Sincerely,

Trenee McGee
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