Section 8-440. – Definition of residential building.

For purposes of sections 7-374b, sections 8-441 to 8-444, inclusive, sections 12-701, 29-265f and 38a-91vv, and sections 8-265tt to 8-265xx, inclusive, “residential building” means (1) a single-family or multifamily residential dwelling, including, but not limited to, (A) a residential unit in a condominium, as such terms are defined or used in section 47-68a, or (B) […]

Section 8-441. – Crumbling Foundations Assistance Fund. Department of Housing application for receipt and administration of federal funds.

(a) There is established an account to be known as the “Crumbling Foundations Assistance 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 and any voluntary contributions. Moneys in the account shall be made available to incorporate […]

Section 8-442. – Establishment of Collapsing Foundations Credit Enhancements Program. Connecticut Housing Finance Authority to publish plain language summary of program.

(a) For the purposes of this section: (1) “Eligible borrower” means the owner of a residential building; (2) “Participating lender” means a depository bank or credit union that participates in the Collapsing Foundations Credit Enhancements Program established pursuant to this section; and (3) “Qualifying loan” means any loan provided to an eligible borrower for the […]

Section 8-443. – Municipal joint borrowing to pay for cost of project to abate deleterious condition re certain concrete foundations. Municipal agreement with captive insurance company to provide financial assistance to owners of certain residential buildings with concrete foundations.

(a) Two or more municipalities may, subject to the provisions of section 10a-185 and chapter 187 and the approval of the legislative body of each such municipality, jointly borrow from any source for the purpose of paying for all or part of the cost of any project entered into jointly to abate a deleterious condition […]

Section 8-444. – Special homeowner advocate in Department of Housing. Responsibilities.

There shall be a special homeowner advocate within the Department of Housing. Said advocate shall be responsible for: (1) Coordinating the efforts of the state to provide assistance to owners of residential buildings with concrete foundations that have deteriorated due to the presence of pyrrhotite, (2) working with the federal government regarding any support provided […]

Section 8-445. – Bond issue for Crumbling Foundations Assistance Fund.

(a) For the purposes described in subsection (b) of this section, the State Bond Commission shall have the power from time to time to authorize the issuance of bonds of the state in one or more series and in principal amounts not exceeding in the aggregate two hundred million dollars, provided (1) twenty million dollars […]