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Financial Services Law Insights and Observations

Connecticut governor authorizes creation of temporary mortgage and rental assistance programs

State Issues Covid-19 Connecticut Mortgages

State Issues

On July 13, the Connecticut governor issued Executive Order No. 7GGG, which authorizes the Connecticut Department of Housing to create a temporary rental housing assistance program for tenants who meet criteria established by the department. The order also authorizes the Connecticut Housing Finance Authority to create a temporary mortgage assistance program for borrowers who meet certain criteria to be established by the department to mitigate the effects of the Covid-19 pandemic.