Connecticut officials say the state is getting $33 million in federal money to administer a loan program that helps homeowners avoid impending foreclosures, The Associated Press reports.
Gov. Dannel P. Malloy’s office said Friday that Connecticut is one of five states approved to administer the Emergency Homeowner Loan Program. It helps unemployed or underemployed families pay their mortgages if they meet certain qualifications while they look for jobs.
The other states are Pennsylvania, Maryland, Idaho and Delaware.
The Connecticut Housing Finance Authority started taking applications this week, and Malloy’s office says a series of housing fairs are being scheduled statewide to answer questions.
Connecticut received approval to administer the federal loans because its own emergency mortgage assistance program was similar to the U.S. Housing and Urban Development’s program.
