Affordable Housing Resources

“Time to Own” Homeownership Assistance Program

Connecticut recently launched the “Time to Own” program which provides funding to low and moderate income first-time homebuyers for down payments and closing costs. Under the program, which is administered by the CT Housing Finance Authority, funding will cover up to a 20% down payment and up to 5% in closing costs. Each year, 10% of the principal balance will be forgiven annually until the loan is fully forgiven on the 10th anniversary date of the loan closing. Visit DOH’s website for more information. 

Voluntown Affordable Housing Plan

The Board of Selectmen approved the Voluntown Affordable Housing Plan 2022-2026 at the June 31, 2022 Special Board of Selectmen’s meeting. The link to the plan is below.

Voluntown Affordable Housing Plan 2022-2026

In 2020 the Board of Selectmen established the Affordable Housing Committee to assist in the development of the Voluntown Affordable Housing Plan by June 22 as required by CT State Statutes 8-30j.

View the May 4, 2022 Voluntown Affordable Housing Plan Public Information Session slide show HERE. Watch the YouTube video of the session HERE (immediately follows the budget public hearing at about 47:08).