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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 2022 annual report details the sources and uses of the IOREBTA program.


IOREBTA Annual Report – 2022

Since its inception in 1992, the IOREBTA Program has realized $9,640,792.44 in interest on the escrow accounts of 1,011 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 downpayment assistance when the State’s Downpayment Assistance Program (DAP) was suspended. The Program has also funded the purchase of mortgages from Connecticut Chapters of Habitat for Humanity.

In 2022, $159,450.22 in interest was received from 37 lenders. The top five lenders participating were M&T Bank, Webster Bank, Berkshire Bank, Bank of America, and Citizens Bank of C A complete listing of participating lenders and interest remitted is provided in the full report.



2022 Report




2021 Report

2020 Report

2019 Report



2018 Report

2017 Report

2016 Report



2015 Report

2014 Report

2013 Report


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