§ 1100. Statement of legislative findings and purpose. The legislature hereby finds and declares that there is a serious shortage of decent affordable housing in the state for persons of low income; that the cost of providing such housing without public participation and assistance is prohibitively high; that there exists throughout the state a significant […]
§ 1101. Definitions. For the purposes of this article: 1. “Commissioner” shall mean the commissioner of the state division of housing and community renewal. 2. “Corporation” shall mean the housing trust fund corporation established by section forty-five-a of this chapter. 3. “Rehabilitation” shall mean all work necessary to bring a residential property into compliance with […]
§ 1102. Cooperative or condominium, homesteading and rental contracts. 1. Within the limit of funds available in the housing trust fund account, the corporation is hereby authorized to enter into contracts with eligible applicants for the furnishing by such applicants of housing for persons of low income. Each such contract shall provide that eligible applicants […]
§ 1103. General and administrative provisions. 1. The corporation shall issue and promulgate rules and regulations for the administration of this article. The rules and regulations shall include provisions concerning the eligibility of applicants for payments, grants and loans under this article; funding criteria and the funding determination process; supervision and evaluation of contracting applicants; […]
