Christine Conley

Dear Neighbor,

Great news! The Housing Advisory Panel voted on Friday to approve one-time grant funding awards as part of the Interest on Real Estate Brokers Trust Account (IOREBTA) Program, which includes $50,000 for the New London Homeless Hospitality Center.

IOREBTA Program funds annually support appraisal gap financing for first-time homebuyers, development of affordable housing projects, counseling for low- and moderate-income homebuyers, and second mortgage down payment assistance when the Down Payment Assistance Program (DAP) Loan was suspended. The IOREBTA Program has also funded the purchase of mortgages from Connecticut chapters of Habitat for Humanity and other housing subsidies. This year's grant awards include help for intellectual and developmental disability (IDD) and Veterans' housing, low-income and affordable housing and homelessness assistance and prevention programs.   

This $50,000 grant funding will go toward enhancing the New London Homeless Hospitality Center's housing efforts. 

The New London Homeless Hospitality Center provides a number of resources to our residents, including helping those facing eviction keep their housing, moving from homelessness to permanent housing, and working with first time homebuyers. Thank you to State Rep. Geoff Luxenberg and the Housing Advisory Panel for the generous funding of this important organization that's dedicated to helping our community.