AN ACT INCREASING THE MAXIMUM LOAN AMOUNT OFFERED UNDER THE TIME TO OWN PROGRAM.

SB 1125 increases the maximum down payment assistance loan under Connecticut's Time to Own program from $25,000 to $50,000. This change directly affects first-time homebuyers in Connecticut who qualify for the program, providing greater financial support for down payments. The key provision simply doubles the existing loan cap, making the assistance more accessible for lower-income homebuyers without altering program eligibility or other terms.