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Great news for low and moderate-income homebuyers in Connecticut!
This week, the State Bond Commission approved $40 million in state funding that will be used 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.
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