§ 1130. Statement of legislative findings and purpose. The legislature hereby finds and declares that there exists throughout the state a serious shortage of affordable housing and that the cost of infrastructure improvements, such as sewer, water and utility lines, increases the cost of providing such housing. The legislature therefore determines that a demonstration program […]
§ 1131. Definitions. 1. “Eligible applicant” shall mean a public benefit corporation, not-for-profit corporation or charitable organization whose purpose includes the construction or rehabilitation of affordable housing or a municipality. 2. “Infrastructure improvements” shall mean the installation or upgrading of water and sewer lines to a public connection, the installation or upgrading of private wells […]
§ 1132. Infrastructure development contracts. 1. The agency is hereby authorized, within the amounts appropriated, to enter into contracts with eligible applicants to provide funds for infrastructure improvements which are necessary for and will reduce the cost of the new construction or rehabilitation of affordable housing projects. Such contracts shall provide for grants by the […]
§ 1133. General and administrative provisions. 1. The agency shall issue and promulgate rules and regulations for the administration of this article. The rules and regulations shall include provisions concerning eligibility of applicants for grants under this article; funding criteria and funding determination process; evaluation of contracting applicants; provisions for modification and termination of contracts; […]
