Time To Own Loan for First-Time Homebuyers

June 15, 2022
In coordination with the Connecticut Housing Finance Authority, the Time To Own loan is funded with $20 million that was allocated for homebuyer assistance by the State Bond Commission in December. Here are some of the many benefits:
  • 0% Interest rate with no monthly payment required.  
  • Ten percent (10%) of the principal balance will be forgiven annually, on the anniversary date of the loan closing, until the loan is fully forgiven on the tenth anniversary.   
  • Financing to cover up to 20% down payment and up to 5% closing costs.
  • Loan amounts up to $50,000 for homes located in High or Very High Opportunity Areas (per State of CT Opportunity Map)
  • Loan amounts up to $25,000 for homes located in areas other than High or Very High Opportunity Areas.

Learn more HERE.

Attention homeowners!  If you are interested in learning more about Energy Storage Solutions, the electric storage incentive program for all Eversource and UI residential customers, please join an upcoming webinar on Tuesday, July 12th from 6 - 7 pm.

Register HERE  

Energy Storage Solutions will help lower the cost of buying a battery by providing an upfront incentive. Incentives are available for batteries paired with solar PV systems, as well as standalone batteries. Residential customers enrolled in the program will also receive performance incentive payments every year based on the average power your battery contributes to the grid during critical periods.

You can learn more at www.energystoragect.com

COVID Update

As the State of Connecticut continues taking actions in response to the global spread of coronavirus disease (COVID-19), Governor Ned Lamont provided the following updates as of 3:00 p.m. on Wednesday, June 15, 2022:

Data updates on testing in Connecticut

The following is a summary of newly reported data on COVID-19 in Connecticut from the past 7 days.

To read the full daily data report, visit data.ct.gov/coronavirus and click the button labeled, “Daily Data Report.” That website also contains several other data reports, including on the topics of vaccinations, schools, nursing homes, child care, congregate settings, and economic impact.