Section 8-400. – Definitions.
As used in sections 8-400 to 8-405, inclusive: (1) “Authority” means the Connecticut Housing Finance Authority as created under section 8-244; (2) “Developer”, “mortgagor” or “eligible mortgagor” means (A) a nonprofit corporation incorporated pursuant to chapter 602 or any predecessor statutes thereto, having as one of its purposes the construction, rehabilitation, ownership or operation of […]
Section 8-446a. – Funds allocated for lead removal, remediation and abatement.
All funding expended pursuant to subdivision (2) of subsection (a) of section 8-446 shall be allocated for lead removal, remediation and abatement. (P.A. 18-179, S. 4.) History: P.A. 18-179 effective January 1, 2019.
Section 8-401. – Grants-in-aid or deferred loans to rental housing projects financed by Connecticut Housing Finance Authority first mortgages.
Upon preliminary approval by the State Bond Commission pursuant to the provisions of section 3-20, the state, acting by and through the Commissioner of Housing, may enter into a contract with a developer, the authority or mortgagor of the authority for state financial assistance in the form of grants-in-aid or deferred loans to housing projects […]
Section 8-402. – Rental subsidy certificates.
The state, acting by and through the Commissioner of Housing, may enter into a contract with the authority, developer, or mortgagor of the authority and the authority may enter into a contract with a developer or mortgagor of the authority to provide state financial assistance in the form of rental subsidy certificates for each low-income […]
Section 8-403. – Second mortgage loans to rental housing projects financed by Connecticut Housing Finance Authority first mortgages.
Upon preliminary approval by the State Bond Commission pursuant to the provisions of section 3-20, the state, acting by and through the Commissioner of Housing, may enter into a contract with a developer, the authority or a mortgagor of the authority for state financial assistance in the form of a loan secured by a second […]
Section 8-404. – Equity interest in exchange for state financial assistance.
Any contract for financial assistance awarded under sections 8-400 to 8-405, inclusive, shall contain the requirement that the state or the authority, as the case may be, shall receive, in exchange for any such assistance, a financial participation in the project. Such financial participation shall be in a proportion which shall not be less than […]
Section 8-405. – Deposits to and payments from the Housing Repayment and Revolving Loan Fund.
The proceeds from the sale of any bonds issued for the purposes of sections 8-401 and 8-403, issued pursuant to any authorization, allocation or approval of the State Bond Commission made after July 1, 2012, and of any notes issued in anticipation thereof as may be required for such purposes shall be applied to the […]
Section 8-406. – Regulations.
Section 8-406 is repealed, effective July 1, 1995. (P.A. 88-261, S. 7, 8; P.A. 95-250, S. 41, 42; 95-309, S. 10–12.)
Section 8-410. – Low and Moderate Income Housing Predevelopment Cost Revolving Loan Fund. Interest-free loans for predevelopment costs.
(a) There is established a fund to be known as the “Low and Moderate Income Housing Predevelopment Cost Revolving Loan Fund”. The fund shall contain any moneys required by law to be deposited in the fund. Any balance remaining in the fund at the end of any fiscal year shall be carried forward in the […]
Section 8-411. – Financial assistance for predevelopment costs.
The state, acting by and in the discretion of the Commissioner of Housing, may enter into a contract with nonprofit corporations, housing authorities or municipal developers, or with partnerships which include a nonprofit corporation, housing authority or municipal developer, to provide financial assistance in the form of grants-in-aid, loans or deferred loans for predevelopment costs […]