Section 8-430 to 8-438. – Definitions. Provision of financial assistance to eligible developers. Eligible costs. Contracts for financial assistance. Inclusion in housing developments of units for very low, low, and moderate income families and market-rate housing units. Review of site and budget of housing developments; notice to municipalities of proposed housing developments; administrative oversight charge; inspection of reports, books and records; false statements. Terms and conditions of financial assistance; transfer of housing development to eligible developer. Regulations. Report to select committee on housing.
Sections 8-430 to 8-438, inclusive, are repealed, effective October 1, 2006. (P.A. 93-309, S. 1–9, 29; P.A. 94-156, S. 2, 3, 5; May 25 Sp. Sess. P.A. 94-1, S. 13, 14, 130; P.A. 95-250, S. 1, 25, 42; 95-309, S. 11, 12; P.A. 96-180, S. 13, 166; 96-189, S. 2, 3; 96-211, S. 1, 5, […]
Section 8-395. – Tax credits for housing programs.
(a) As used in this section, (1) “business firm” means any business entity authorized to do business in the state and subject to the corporation business tax imposed under chapter 208, or any company subject to a tax imposed under chapter 207, or any air carrier subject to the air carriers tax imposed under chapter […]
Section 8-446. – Healthy Homes Fund.
(a) There is established an account to be known as the “Healthy Homes Fund” which shall be a separate, nonlapsing account within the General Fund. The account shall contain any moneys required by law to be deposited in the account. Moneys in the account shall be expended by the Department of Housing for the purposes […]
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 8-378. – Approval of designation. Priority financial assistance. Removal of designation.
The Commissioner of Housing may approve the designation of up to three areas in the state as housing development zones, provided the commissioner shall not approve the designation of more than one housing development zone in any municipality. Proposals for financial assistance received by the commissioner from eligible developers, as defined in section 8-39, for […]