| Bill to Make Condo Owners Eligible for Funds Passes Senate
Last week, the Senate concluded its special session and passed a bill that will allow condominium owners to be eligible for the Supplemental Collapsing Foundation Loan Program through the Connecticut Housing Finance Authority (CHFA). This legislation is a technical fix to existing legislation, and is the next piece of the puzzle to bring assistance to those affected across our county.
WHAT’S NEXT FOR THOSE AFFECTED AND NEED HELP?
Loans
The bill to include condominium owners for eligibility with the Supplemental Collapsing Foundation Loan Program is now on its way to Gov. Lamont’s desk to be signed into law. After this happens, you’ll be able to visit the CHFA website to begin the loan application process.
Insurance Claims
If you need financial assistance and meet certain criteria, you can submit a claim to the Connecticut Foundation Solutions Indemnity Company (CFSIC).
As always, please know that my office is a resource for those that need assistance in navigating the loan/insurance claim process and do not hesitate to contact me.
More Work To Do
As I mentioned, this bill is the next piece of the puzzle for those affected. However, I have more work to do in the next full legislative session because our 2020 legislative session ended early as a result of the COVID-19 pandemic. Thank you very much and I will provide additional updates as they become available. |
