Waterbury Mayor Jarjura announces September 1, 2011 application deadline for Federal Emergency Homeowners’ Loan Program.

Waterbury, Conn., July 22, 2011—Waterbury Mayor Michael J. Jarjura and the Connecticut Housing Finance Authority (CHFA) announced today a September 1, 2011 deadline to submit applications for the new Federal Emergency Homeowners’ Loan Program.  Some participating states have a July 22, 2010 deadline, but it does not apply to Connecticut's program.

"Our goal is to help Hartford-area homeowners threatened by foreclosure stay in their homes,"  Mayor Jarjura said. “With a September 1, 2011 deadline to submit applications and all documents for this Federal emergency loan program homeowners don't want to miss this one time opportunity.”

Dara Kovel, CHFA’s Chief Housing Officer, said. “We have received more than 20,000 calls statewide from homeowners facing foreclosure. The need is there, but to offer assistance to struggling homeowners, we must have their applications and all documents returned to us by September 1."

Connecticut has been awarded $33 million from the United States Department of Housing and Urban Development (HUD) through the Emergency Homeowners' Loan Program, a forgivable loan program intended to assist homeowners facing foreclosure, who are delinquent 90 days or more and have a 15% reduction in household income due to unemployment, under-employment or for medical reasons. Applications for this Program can be accepted by the CHFA and CHFA-approved counseling agencies, which provide services free-of-charge to homeowners who are delinquent or in danger of becoming delinquent on their mortgages. Connecticut is one of five states HUD has approved to administer the Emergency Homeowners’ Loan Program (EHLP).

Homeowners facing this possibility to contact area housing counseling agencies immediately to determine if this program may be able to help. Applications and all paperwork must be submitted to CHFA by September 1. The CHFA approved counseling agency serving homeowners throughout Greater Waterbury area is Neighborhood Housing Services of Waterbury, 161 North Main Street, Waterbury, CT  06702, 203-753-1896 ext. 9; hours: Monday to Friday 9:00 am to 5:00 pm.

"I encourage homeowners who are facing foreclosure to contact the Connecticut Housing Finance Authority or CHFA approved counseling agencies immediately as this funding is only available on first come, first served basis,” stated Mayor Jarjura.

Eligibility requirements will be explained to those homeowners who request information from CHFA or counseling agencies. Area homeowners interested in the program can contact any CHFA- approved counseling agency, visit CHFA’s website at www.chfa.org or contact CHFA’s Customer Call Center at 877-571-CHFA (2432) Monday through Friday from 8:00 am until 8:00 pm and Saturday 9:00 am to 1:00 pm.