HRA of NB Gets IOREBTA Funds
I have good news to share. The Housing Advisory Panel voted to approve one-time grant funding awards as part of the Interest on Real Estate Brokers Trust Account (IOREBTA) Program, which includes $10,000 for Human Resources Agency (HRA) of New Britain.
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.
Providing this $10,000 grant to support HRA's eviction prevention programs is not just an investment in individuals and families; it is an investment in the strength and stability of our entire community. I commend HRA for their commitment to our community and grateful to be able to support their efforts.
Thank you to the Housing Advisory Panel, including my colleague, Rep. Luxenberg, House Chair of the Housing Committee and Panel, for approving these grants and supporting these important programs.