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Home » US Law » 2022 Connecticut General Statutes » VOLUME 2 » Title 8 - Zoning, Planning, Housing and Economic and Community Development » Chapter 138h - Private Rental Investment Mortgage and Equity Program

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 8-402. – 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 8-404. – 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 […]