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Gov. Ned Lamont announced an agreement with some 65 credit unions and banks in Connecticut to offer mortgage relief to the state’s residents and businesses who continue to face hardship caused by the global COVID-19 pandemic.
Still looming: the effect of the Small Business Administration's closure. “We’ve got loans that have been approved or are in the process of being approved that are waiting for the SBA,” says Patriot Bank President Richard Muskus Jr. “The SBA had better be ready for a tidal wave of backlog.”
The legislators said that they anticipate to schedule a session of the Senate and the House to vote on the bill on Tuesday.
Gov. Ned Lamont is also encouraging municipalities to delay collecting property taxes from affected employees.