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Gov. Ned Lamont emphasized the role of homeownership in building wealth and community ties, with the average loan amount at $30,000 per household.

Despite the program’s popularity, Sen. Henri Martin voiced concerns, arguing that adding grants in a tight housing market only worsens demand. With the state needing 90,000 new homes to meet job growth, Martin suggested that the program does little to address the underlying shortage. Nonetheless, the State Bond Commission approved the funding extension.

#Homeownership #FirstTimeHomebuyer #AffordableHousing #CTRealEstate #HousingSupport #TimeToOwn #HousingCrisis #ConnecticutHousing #ForgivableLoans #GovLamont