Martin Luther King, Jr. Corridor Designation - Request for Information The Department of Banking is seeking applications for the designation of "Martin Luther King, Jr. (MLK) Corridors" to promote secured and unsecured lending in the state with the intention of stimulating economic development within those corridors. More information may be found here. Apply via the DAS CTSouce Bid Board, type DOB-24084 in the search field.
The majority of mortgage loans in the state are owned by Fannie Mae, Freddie Mac or guaranteed by FHA, which are entities sponsored by the U.S. government. Each of these entities offer options for assistance.
The State of Connecticut, through the Connecticut Housing Finance Authority, also offers the Emergency Mortgage Assistance Program (EMAP) for homeowners facing financial hardship.
The Connecticut Housing Finance Authority (CHFA) administers MyHomeCT, which provides grant assistance to homeowners who have experienced difficulty meeting their mortgage obligations or other housing costs due to a COVID-19-related financial hardship. For homeowners who meet the eligibility requirements, this assistance may include bringing a mortgage current or making future mortgage payments. **NOTE: As of September 1, 2023, the program has been closed to new applications.
Understand your rights as a renter. There may be options for renters struggling due to a financial hardship. Visit the Fannie Mae and Freddie Mac websites for assistance.
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