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An Act Concerning the use of Real Estate Escrow Deposits (Public Act 91-314) went into effect on January 1, 1992 and was later amended by Public Act 92-69 on May 19, 1992.  The program was established to provide mortgage assistance for low- or moderate-income families or persons with downpayments or any other appropriate housing subsidies.  Under the program, real estate brokers deposit residential and commercial escrow funds into interest-bearing accounts specifically, for the Interest on Real Estate Brokers Trust Account (IOREBTA) Program.  

In administering the IOREBTA program, the Connecticut Housing Finance Authority (CHFA) acts as the liaison to and consults with the Housing Advisory Panel as defined by CGS §8-265h. CHFA also manages the collection of funds and processes disbursements on behalf of the Panel. The annual report details the sources and uses of the IOREBTA program funds.


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The 2023 annual report details the sources and uses of the IOREBTA program.


IOREBTA Annual Report – 2023

The IOREBTA Program has realized $10,174,837.81 in interest on the escrow accounts since its inception in 1992 and currently has 939 participating brokers. IOREBTA funds have supported appraisal gap financing for first-time homebuyers, supported the development of affordable housing projects, offered counseling for low- and moderate-income homebuyers, and provided second mortgage down payment assistance when the State’s Down Payment Assistance Program (DAP) was suspended. The Program has also funded the purchase of mortgages from Connecticut Chapters of Habitat for Humanity.

In 2023, $534,045.37 in interest was received from 39 lenders. The top five lenders participating were M&T Bank, Chase Bank, Bank of America, Key Bank, and Citizens Bank of CT. A complete listing of participating lenders and interest remitted is provided in the full report.



2023 Report




2022 Report

2021 Report

2020 Report



2019 Report

2018 Report

2017 Report



2016 Report

2015 Report

2014 Report


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