AN ACT CONCERNING THE "HOMES FOR CT" LOAN PROGRAM.

Summary

The bill caps the interest rate on loans made by participating banks under the “Homes for CT” program at the Federal Home Loan Bank of Boston’s prime rate, as published by The Wall Street Journal. It also authorizes the Connecticut Housing Finance Authority to issue extra loans or grants to eligible borrowers, with those loans placed below the bank loans in priority. The changes aim to make home‑ownership financing more affordable and flexible.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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