SB00283: An Act Concerning The Emergency Mortgage Assistance Program.

Legislative Summary

To (1) redefine "aggregate family income" and "financial hardship due to circumstances beyond the homeowner's control" in connection with the emergency mortgage assistance program, (2) change procedures (A) regarding applying for emergency mortgage assistance payments, (B) regarding making emergency mortgage assistance payments, (C) for establishing emergency mortgage assistance repayment agreements, and (D) regarding the posting of certain notices on the Connecticut Housing Finance Authority's Internet web site, (3) provide that the authority may adopt procedures to establish an aggregate limit on the amount of emergency mortgage assistance payments that certain homeowners may receive, and (4) require developers for certain projects to hire an advocate for the residents affected by such projects.