The IOREBTA Program was created pursuant to Public Act 91-314 and is amended by Public Act 92-69 with the main purpose to provide mortgage assistance for low- or moderate-income families or persons with down payments or any other appropriate housing subsidies by relying on the interest earned from residential and commercial escrow funds deposited by real estate brokers.
All banks participating in the Program are required to download and complete a Real Estate Escrow Deposit Account Application for each account that is opened and to remit the applicable accrued interest to the address listed below. Alternatively, if a bank wants to wire the accrued interest directly to CHFA, please call the Finance Department at (860) 571-4379 or (860) 721-9501 for wiring instructions.
Real Estate Escrow Deposit Account Application
Please remember to send a copy of the completed application to:
Connecticut Housing Finance Authority
Attention: Finance Department
999 West Street
Rocky Hill, CT 06067
 An Act Concerning the Use of Real Estate Escrow Deposits for Mortgage Assistance for First-Time Homebuyers.
 An Act Concerning Alternatives to Foreclosure of Residential Mortgage Loans as a Factor in Community Reinvestment Performance, Mortgage Assistance to Low and Moderate Income Families, and Investment of State Trust Funds by the Treasurer.
 Nothing prevents a real estate broker from depositing the funds of any client in a separate interest-bearing account for the benefit of the client.