(a) The Connecticut Housing Finance Authority shall adopt procedures in accordance with section 1-121 to implement the provisions of sections 8-265cc to 8-265hh , inclusive. Such procedures shall include the establishment of a process for notification to eligible homeowners of the availability of funds under sections 8-265cc to 8-265kk , inclusive, and for notification to the mortgagee or lienholder that an application has been received by or on behalf of the homeowner and of the authority's determination of eligibility.
(b) The authority may, from time to time, adopt procedures in accordance with section 1-121 to establish an aggregate limit on the amount of emergency mortgage assistance payments that a homeowner may receive under sections 8-265cc to 8-265kk , inclusive.