Section 8-280. – State grants-in-aid. Conditions.
(a) The state, acting by and in the discretion of the Commissioner of Housing, may enter into a contract or agreement with a state agency to provide state financial assistance to such state agency in the form of a grant-in-aid equal to two-thirds of the net cost of carrying out a program of relocation assistance […]
Section 8-281. – Approval of relocation plan required for receipt of state grant-in-aid.
To be eligible to receive financial assistance under section 8-280, a state agency shall cause to be prepared and file with the Department of Housing for the approval of the commissioner a relocation plan based upon a plan or program of governmental action within the area of operation of the state agency which will cause […]
Section 8-282. – Reimbursement for fees, penalty costs, taxes.
In addition to amounts otherwise authorized by sections 8-266 to 8-281, inclusive, the state agency, as defined in section 8-267, shall reimburse the owner of real property acquired for a project for reasonable and necessary expenses incurred for (1) recording fees, transfer taxes and similar expenses incidental to conveying such real property; (2) penalty costs […]
Section 8-283. – Declaration of policy.
It is hereby found and declared that many Connecticut residents lack sufficient financial resources to make down payments or regular mortgage payments on private housing; that it is in the public interest to provide state financial assistance to such residents to minimize the disruptive effect of condominium conversion and to encourage home ownership and the […]
Section 8-284. – Definitions.
As used in this chapter: (a) “Eligible family or person” means a family or person who lacks the amount of income necessary, to purchase safe and adequate housing without special financial assistance; (b) “Commissioner” means the Commissioner of Housing; (c) “Authority” means the Connecticut Housing Finance Authority; and (d) “Department” means the Department of Housing. […]
Section 8-285. – Creation of “Housing Purchase and Rehabilitation Fund”.
There is established a “Housing Purchase and Rehabilitation Fund”. Such fund shall be used to make loans authorized by this chapter. (P.A. 77-612, S. 3; P.A. 95-250, S. 27, 42; 95-309, S. 11, 12.) History: P.A. 95-250 deleted provision re eligibility of expenses of the commissioner in implementing program; P.A. 95-309 changed effective date of […]
Section 8-286. – Homeownership loan program. Lending guidelines and terms of loans. Residential mortgage guarantee program.
(a) The authority shall administer, within the resources allocated by the State Bond Commission to the Department of Housing for the purposes of sections 8-283 to 8-289, inclusive, the homeownership loan program established by said sections 8-283 to 8-289. The purpose of the program shall be to provide, through a contract, an eligible family or […]
Section 8-286a. – State or authority to share in appreciation of dwelling.
Any contract for a loan to purchase a dwelling under section 8-286 may require that the state or the authority shall receive, in exchange for any such loan, a share in the appreciation of the dwelling or any interest therein upon its sale. Such share shall be in an amount determined by the the authority. […]
Section 8-273. – Establishment of regulations and procedures.
(a) In order to promote uniform and effective administration of relocation assistance and land acquisition of state agencies, the Commissioner of Transportation and Commissioner of Housing shall consult together on the establishment of regulations and procedures for the implementation of such projects and programs. (b) The Commissioner of Transportation is authorized to establish for transportation […]
Section 8-286b. – Mortgagee participation.
(a) Mortgage loan guarantees issued by the commissioner under subsection (e) of section 8-286 shall be in the form of a guarantee from the commissioner to an approved mortgagee. Mortgagees may participate in the program by entering into a mortgage guarantee agreement with the commissioner. Mortgagees participating in the program shall process and underwrite loan […]