reglab/statecodes huggingface dataset:
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214d - Land Bank/Land Trust Fund › Section 8-214d-6 - Eligible activities

Current through July 10, 2024
(a) A nonprofit corporation may enter into a contract with the State to receive a grant to acquire land and interests in land with or without structures thereon, for the purpose of providing for existing and future housing needs of low and moderate income families.
(b) Upon acquiring title to the land or interest in land, a nonprofit corporation shall develop housing or a plan for the development of the land to meet the needs of low and moderate income families and may:
(1) bank the land for future use as described in Section 3 above;
(2) lease the land to low and moderate income families, limited equity cooperatives or other nonprofit corporations for the development of housing for low and moderate income families; or
(3) lease or sell the building(s) or improvements to low and moderate income families, limited equity cooperatives or other nonprofit corporations to be used only for low and moderate income housing;
(4) use the land to provide ancillary services to residents of the land trust.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214d - Land Bank/Land Trust Fund › Section 8-214d-7 - Application process

Current through July 10, 2024
(a) The Commissioner may solicit and/or accept applications from nonprofit corporations for financial assistance.
(b) Nonprofit corporations may be required to pay a processing fee.
(c) As part of the application and approval process for the Land Bank Program, the nonprofit corporation shall be required to furnish the following:
(1) An explanation and description of the current housing development activity of the nonprofit corporation which is unrelated to this program which would require them to bank the land; and
(2) Identification of how the land is presently zoned.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214d - Land Bank/Land Trust Fund › Section 8-214d-8 - Selection process

Current through July 10, 2024
(a) Applications shall be approved or disapproved by the Commissioner based on the factors listed in Sections 8-214d-5, 8-214d-6, and 8-214d-7 above, the availability of financial assistance and the following:
(1) Any needs outlined in the Five Year Housing Advisory Plan;
(2) Preference to low income families to the extent financially possible;
(3) Local housing assistance plans, if in existence;
(4) Any other statistical data on housing need and marketability;
(5) Suitability of the proposed site and project; and
(6) The administrative capability of the nonprofit corporation to plan, complete and manage a project including past experience and staffing.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214d - Land Bank/Land Trust Fund › Section 8-214d-9 - Contract for financial assistance

Current through July 10, 2024
(a) Following application approval, the Commissioner shall request that the State Bond Commission provide financial assistance in the form of a grant from the Community Housing Land Bank and Land Trust Fund to the nonprofit corporation.
(b) Following approval of the State Bond Commission pursuant to the provisions of Section 3-21 of the Connecticut General Statutes, the State, acting by and through the Commissioner, may enter into a contract(s) with a nonprofit corporation for financial assistance in the form of a grant.
(c) Such contract(s) shall include but not be limited to: the amount of financial assistance to be provided, and the rights and obligations of the parties under the contract(s).
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214d - Land Bank/Land Trust Fund › Section 8-214d-10 - Restrictions on the sale or use of the property

Current through July 10, 2024
(a) In addition to whatever remedies exist in the contract, the nonprofit corporation shall, upon demand by the Commissioner, transfer title to the State for that land or interests in land acquired with the grant, if the Commissioner determines that:
(1) reasonable progress in the development of the property as described in Sections 8-214d-3 and 8-214d-6 above, has not been made from the date of acquisition of the land or interests in land;
(2) the property has been developed or used for purposes other than for housing to benefit low and moderate income families; or
(3) the nonprofit corporation has amended its purpose so that it no longer conforms with that originally submitted and approved.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214d - Land Bank/Land Trust Fund › Section 8-214d-11 - Maximum income limits

Current through July 10, 2024
(a) Homeownership income limits shall not exceed those established and determined from time to time by the Connecticut Housing Finance Authority's Home Mortgage Program.
(b) For all others, income limits shall not exceed those established from time to time under the Department's Moderate Rental Program. This income limit may be waived by the Commissioner if it is determined to be in the best interest of the State.
(c) Notwithstanding subsections (a) and (b) above, where a federal and/or State program is being utilized, income limits shall be determined according to that program.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214d - Land Bank/Land Trust Fund › Section 8-214d-12 - Financial reporting and access to records

Current through July 10, 2024
(a) Each nonprofit corporation shall maintain complete and accurate books and records, insofar as they pertain to land bank and land trust projects, and they shall be set up and maintained in accordance with the latest procedures approved by the Commissioner.
(b) Each nonprofit corporation shall furnish the Commissioner with financial statements and other reports relating to the operation of the project in such detail and at such times as he may require.
(c) At any time during regular business hours, and as often as the Commissioner may require, the Commissioner or his representative shall be entitled to full and free access to the accounts, records and books of the nonprofit corporation relative to the project, said permission to include the right to make or require the nonprofit corporation to provide excerpts or transcripts from such accounts, records and books.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214d - Land Bank/Land Trust Fund › Section 8-214d-13 - Fiscal compliance and examination

Current through July 10, 2024
Each nonprofit corporation receiving financial assistance shall be subject to examination of all books and records related to the project. Examinations shall be performed by independent public accountants registered to practice in the State of Connecticut, or by qualified Department personnel. All examinations shall be in accordance with procedures established by the Department. An examination is to be completed as soon as possible following the completion of the project and at such other times as the Department may require.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214d - Land Bank/Land Trust Fund › Section 8-214d-14 - Conveyance of land or interest in land to a municipality

Current through July 10, 2024
(a) Immediately following the expiration date of the remedy period for default, the department shall send a notice to the chief executive officer of the municipality where the land is located inquiring whether the municipality is interested in taking title to the land. The notice shall include all pertinent information about the land and any conditions under which the transfer shall take place. The municipality shall have thirty (30) days to respond to the notice. If the municipality fails to respond or responds in the negative, the land shall be retained by the department or declared surplus to the state's needs.
(b) Should the municipality respond in the affirmative, the municipality shall pass a resolution indicating that it will accept title to the property in accordance with Section 8-214d of the general statutes as they may be amended from time to time.
(c) Immediately upon receipt of title to the property either through foreclosure or a voluntary transfer, the commissioner shall request approval from the State Bond Commission to convey title to the municipality.
(d) Upon approval of the State Bond Commission, the commissioner shall convey title to the municipality by quitclaim deed. The transfer shall be subject to a restrictive covenant that ensures compliance with section 8-214d of the general statutes as they may be amended from time to time.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214h - Limited Equity Cooperative/Mutual Housing Association Program › Section 8-214h-2 - Program description

Current through July 10, 2024
(a) The purposes of these programs are to provide an alternative to traditional rental housing by ensuring security of residency, continued affordability and participation in the design and operation of housing, and to make public investments in residential neighborhoods to preserve and stabilize them
(b) The Commissioner may enter into a contract(s) with a developer for financial assistance in the form of grants, loans or any combination thereof for the development of limited equity cooperatives and/or mutual housing association projects for low and moderate income families.
(c) Developers may receive state financial assistance for the development of a project, including, but not limited to: organizational development, predevelopment costs, site acquisition and preparation, construction or rehabilitation, architect's fees, resident training, and administrative or other costs or expenses incurred by the State. The amount of the State financial assistance shall be determined by the Commissioner with the approval of the State Bond Commission.
(d) Developers shall be required to have an equity interest in the total development cost of the project.
(e) The Commissioner may, for good cause shown, if he deems it in the best interest of the State, waive any non-statutory requirement imposed by Sections 8-214h-1 to 8-214h-17, inclusive, of these regulations.
(f) Developers shall be required to comply with all rules and orders promulgated from time to time by the Commissioner and consistent with the development and management of limited equity cooperatives or mutual housing association projects pursuant to Section 8-214f through 8-214h of the Connecticut General Statutes and these regulations.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214h - Limited Equity Cooperative/Mutual Housing Association Program › Section 8-214h-3 - Eligibility

Current through July 10, 2024
To be eligible to participate, a developer must:
(a) Submit an endorsed certificate of incorporation certified by the Secretary of the State;
(b) Submit a certificate of good standing certified by the Secretary of the State;
(c) Inform the Department, in writing, of the corporation's principal place of business; and
(d) Submit names, addresses and telephone numbers of its directors or officers and statutory agent for service.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214h - Limited Equity Cooperative/Mutual Housing Association Program › Section 8-214h-4 - Application and project approval process

Current through July 10, 2024
(a) The Commissioner may solicit and/or accept applications for financial assistance for project(s) from developers.
(b) Developers may be required to pay a processing fee.
(c) As part of the application and project approval process, the developer shall be required to furnish the following:
(1) Certification of the developer's eligibility, as defined in Section 8-214h-3 above;
(2) The developer's plan for ongoing management of the project, including, but not limited to: Board of Director's composition and responsibilities; ongoing oversight by the developer/Board of Directors; membership rights and responsibilities, and resident training requirements;
(3) Evidence of housing need and marketability;
(4) Evidence of equity interest;
(5) Evidence of site control;
(6) Evidence that local site plan approval has been obtained;
(7) Evidence of local support;
(8) Plans and specifications in accordance with the Commissioner's design standards;
(9) Financial information on projected costs of development and management;
(10) Evidence that the developer has the financial ability to undertake the development of the project through the provision of financial statements or other documentation;
(11) A list of housing projects which it has developed, owned or managed; and
(12) A statement authorizing the Commissioner to apply for a credit report from any appropriate credit reporting agency covering the developer for consideration in determining the financial capability of the developer.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214h - Limited Equity Cooperative/Mutual Housing Association Program › Section 8-214h-5 - Contract for financial assistance

Current through July 10, 2024
(a) Following approval of the State Bond Commission pursuant to the provisions of Section 3-20 of the Connecticut General Statutes, the State, acting by and through the Commissioner, may enter into a contract(s) with a developer for financial assistance for project(s) in the form of interim and/or permanent loan(s), grant(s) or any combination thereof in an amount not in excess of the total development cost of the project(s) as determined by a cost certification and as approved by the Commissioner, less any equity interest required.
(b) In the case of a grant or combination loan(s) and grant(s), the total amount of the grant(s) shall be limited to an amount which together with the loan(s), if applicable, is necessary to enable the developer to set and maintain the admission income limits and carrying charges approved by the Commissioner.
(c) Such contract(s) shall include but not be limited to: equity interest to be provided, the amount of financial assistance to be provided, the completion timetable, the term of the loan(s), the amount of the State service charge to be assessed during the development and management of the project(s), the provisions for development and management, and the rights and obligations of the parties under the contract(s).
(d) The term and interest rate of interim and permanent loan(s) shall be as follows:
(1) The term of the interim loan shall be from the closing of the interim loan to the closing of the permanent loan. The interim loan shall bear an interest rate to be determined in accordance with Subsection (t) of Section 3-20 of the Connecticut General Statutes.
(2) The term of the permanent loan shall be for a period not to exceed 50 years. The actual term will be determined by taking into account the financial feasibility of the project and term of the rental subsidy, if any, for the project. The interest rate shall be determined in accordance with Subsection (t) of Section 3-20 of the Connecticut General Statutes.
(3) All permanent loans shall be secured by a mortgage note and deed.
(4) Amortization of the loan shall commence once the monthly project income meets or exceeds the approved operating budget or at the closing of the permanent loan, whichever occurs first. The Commissioner may waive the requirement for amortization prior to the closing of the permanent loan, if it is in the best interest of the State.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214h - Limited Equity Cooperative/Mutual Housing Association Program › Section 8-214h-6 - Management

Current through July 10, 2024
(a) The Board of Directors shall manage the project in an efficient manner so as to enable it to fix the carrying charges for the dwelling units at the lowest possible rates consistent with providing decent, safe, and sanitary dwelling units.
(b) The total project income from carrying charges and other income shall be sufficient to meet the costs of project operation including but not limited to:
(1) Property taxes, either full or abated, or payments in lieu of taxes;
(2) The cost of a State service charge if one is assessed; a State service charge if assessed need not cover all State costs associated with a project;
(3) The cost of operating and maintaining the project including its administrative costs, provision of reasonable reserves for repairs, maintenance and replacements, a reserve for amounts refundable to residents who vacate their units, and vacancy and collection losses;
(4) The cost of the principal and interest due and payable the loan, if applicable; and
(5) Not more than 10% return on equity capital, contributed through mutual housing association membership fees or grants obtained from sources other than the State, provided such return on equity capital shall be utilized by the Board of Directors to develop additional dwelling units for low and moderate income families.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214h - Limited Equity Cooperative/Mutual Housing Association Program › Section 8-214h-7 - Eligibility for admission

Current through July 10, 2024
(a) A family shall be eligible for admission to a project provided they do not exceed the admission income limits established in Section 8-214h-8 of these regulations; and
(1) For limited equity cooperative project(s), contribute their labor (sweat equity) during the development or operation of the project, or make a cash contribution to become a member of the project or both, in an amount approved by the Commissioner. The value of the sweat equity shall not exceed the hourly wage rates, determined from time to time by the U.S. Department of Labor, Employment and Standards Administration, Wage and Hour Division for labor performed in the applicable municipality or region; or
(2) For mutual housing association project(s), pay a membership fee, in an amount determined by the Board of Directors and approved by the Commissioner.
(3) The manner and/or value of sweat equity, cash contribution or membership fee shall be set at a level affordable to low and moderate income families.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214h - Limited Equity Cooperative/Mutual Housing Association Program › Section 8-214h-8 - Admission income limits

Current through July 10, 2024
(a) The developer/Board of Directors shall develop and manage the project so that, insofar as is practical, the lowest income families continue to be served.
(b) The admission income limits for grant project(s) shall not exceed fifty percent (50%) of the area median income, adjusted for family size, as determined from time to time by the U.S. Department of Housing and Urban Development, unless otherwise approved by the Commissioner.
(c) The admission income limits for loan(s) or loan(s) and grant(s) combination project(s) shall not exceed one hundred percent (100%) of the area median income, adjusted for family size, determined from time to time, by the U.S. Department of Housing and Urban Development, unless otherwise approved by the Commissioner.
(d) If the adjusted gross income exceeds the admission income limit, the family shall be deemed ineligible for admission.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214h - Limited Equity Cooperative/Mutual Housing Association Program › Section 8-214h-9 - Income

Current through July 10, 2024
The family's adjusted gross income shall be used for the purpose of determining eligibility for admission.
(a) The following items shall be deducted from the gross income to arrive at the adjusted gross income in amounts as established by the Commissioner:
(1) Income of all dependents who have not reached their 18th birthday;
(2) Income received as compensation for the care of foster children or from the State Department of Children and Youth Services (DCYS) Adoption Program;
(3) Income from full-time students who have not reached their 23rd birthday;
(4) Annual medical expenses which exceed three percent (3%) of the family's gross income;
(5) Child care costs which enable one or both parents to be gainfully employed;
(6) Alimony and child care payments as ordered by the courts;
(7) A deduction for each dependent; and
(8) Any other item which, from time to time, may be established by the Commissioner.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214h - Limited Equity Cooperative/Mutual Housing Association Program › Section 8-214h-10 - Waiting list

Current through July 10, 2024
(a) The developer/Board of Directors shall provide a receipt to each applicant to its project(s) stating the time and date of the application and assigning the applicant an identifying number which shall be recorded on the receipt and on the application for admission.
(b) The developer/Board of Directors shall create and maintain a waiting list of such applications and procedures for selecting residents from such list as approved by the Commissioner, which shall include the applicant's identifying number, the time and date the application was received by the developer and the size of the dwelling unit required by the applicant. Such list shall be a public record as defined in Section 1-18a of the Connecticut General Statutes.
(c) The developer/Board of Directors shall, from time to time, but no less than once each calendar year, revise and update the waiting list(s) so as to reflect the most current status of applicants.
(d) The developer/Board of Directors shall maintain a copy of the waiting list(s) and revisions to such list(s) at its office in the State of Connecticut or, if no such office exists, at the office of the town clerk in the municipality in which the project is located. Such list(s) shall be provided to the Commissioner or his representative upon his request.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214h - Limited Equity Cooperative/Mutual Housing Association Program › Section 8-214h-11 - Income verification

Current through July 10, 2024
(a) The income verification period shall be the calendar year January 1 to December 31 of the preceding year. For residents who are seasonally employed, employed in a second job for a portion of the year, or are self-employed, their income shall be based on the average income for the preceding two year period
(b) Immediately after December 31 of each year the Board of Directors shall send applications for income verification to all current residents. These applications shall be completed by the residents and returned to the developer on or before February 15.
(c) All residents shall be recertified to be effective May 1 with any carrying charge changes. Written notice of these carrying charge changes shall be delivered to the resident at least 30 days prior to the effective date.
(d) Upon a resident's failure to submit such income verification, the Board of Directors may institute procedures for summary process, pursuant to Chapter 832 of the Connecticut General Statutes. During the non-compliance period, the Board of Directors shall compute the resident's carrying charges at the unit's market value. The resident may comply with the re-verification requirements at any time prior to eviction. Any difference between the market value charged and the carrying charges computed upon verification shall be due to or from the Board of Directors, except that the Board of Directors may charge reasonable administrative and legal fees necessary to pursue the eviction process.
(e) The requirements for verification of income shall be included in all occupancy agreements.
(f) In limited equity cooperatives where the carrying charge is determined by the developer and approved by the commissioner, as noted in Section 8-214h-12(a) (2) (B), income shall be verified every two years according to the schedule noted in subsection (b) of this section
(g) Income verification data shall be submitted in the form and manner prescribed by the commissioner.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214h - Limited Equity Cooperative/Mutual Housing Association Program › Section 8-214h-12 - Carrying charge determination

Current through July 10, 2024
(a)
Carrying charges shall be determined as follows:
(1) In project(s) where a federal or state rental subsidy is available, the percentage of family income used to establish the carrying charge will be determined by the federal or state agency.
(2) In project(s) where no rental subsidy exists, the carrying charge shall be established and the resident will pay:
(A) A percentage of the adjusted gross income not to exceed 30%, minus a utility allowance for those residents who pay their own utilities. The percentage shall be established by the Board of Directors and approved by the Commissioner; and/or
(B) The established carrying charge determined by the developer and approved by the Commissioner minus a utility allowance for those residents who pay their own utilities.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214h - Limited Equity Cooperative/Mutual Housing Association Program › Section 8-214h-13 - Procedures for carrying charge changes

Current through July 10, 2024
(a) Each Board of Directors shall mail a written notice to all residents at least 30 days before the meeting date, stating that a change in the carrying charges and the methods for computing such carrying charges will be discussed at its meeting (include the proposed change, the date, time and location of the meeting), and may result in an adjustment in the carrying charge.
(b) The written notice shall advise residents that they may view any documents supporting the proposed carrying charge change which will be on file at the office of the Board of Directors.
(c) Within 15 days after receipt of the Board of Directors recommended carrying charge change, the Commissioner shall approve, disapprove, or request modification of the proposed carrying charge change or any portion thereof.
(d) If the carrying charge change is approved by the Commissioner, the Board of Directors must then give the residents at least 30 days written notice prior to the effective date of the carrying charge change.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214h - Limited Equity Cooperative/Mutual Housing Association Program › Section 8-214h-14 - Sale and disposition of projects

Current through July 10, 2024
(a) The provisions of this section shall not apply to the situation where individual residents vacate their dwelling units.
(b) No project may be sold or disposed of unless the Commissioner determines that there is no longer an acute shortage of such housing in the locality or that it is in the best interest of the State. If it is so determined, such project or any part thereof which received state financial assistance may be sold upon the terms and conditions approved by the Commissioner.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214h - Limited Equity Cooperative/Mutual Housing Association Program › Section 8-214h-15 - Preemption

Current through July 10, 2024
In a limited equity cooperative, where the provisions of the Common Interest Ownership Act, Chapter 828 of the Connecticut General Statutes, are in conflict with the provisions of these regulations, the provisions of the Common Interest Ownership Act shall be deemed to be controlling.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214h - Limited Equity Cooperative/Mutual Housing Association Program › Section 8-214h-16 - Financial reporting and access to records

Current through July 10, 2024
(a) Each developer/Board of Directors shall maintain in the State of Connecticut complete and accurate books and records, insofar as they pertain to State assisted housing projects, and they shall be set up and maintained in accordance with the latest procedures approved by the Commissioner.
(b) Each developer/Board of Directors shall furnish the Commissioner with financial statements and other reports relating to the development and operation of the project in such detail and at such time as he may require.
(c) At any time during regular business hours, and as often as the Commissioner may require, the Commissioner or his representatives shall be entitled to full and free access to the accounts, records and books of the developer/Board of Directors relative to the project, said permission to include the right to make or require the developer/Board of Directors to provide excerpts or transcripts from such accounts, records and books.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214h - Limited Equity Cooperative/Mutual Housing Association Program › Section 8-214h-17 - Fiscal compliance and examination

Current through July 10, 2024
Each developer/Board of Directors receiving financial assistance shall be subject to examination of all books and records related to the project. Examinations shall be performed by independent public accountants registered to practice in the State of Connecticut, or by qualified Department personnel. All examinations shall be in accordance with procedures established by the Department. An examination is to be completed as soon as possible following the completion of the project and at such other times as the Department may require.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214h - Limited Equity Cooperative/Mutual Housing Association Program › Limited Equity Cooperative/Mutual Housing Association › Section 8-214h-18 - Definitions

Current through July 10, 2024
(a) "Developers' Fee" means a bonus earned by developers that have successfully completed key events in the development process.
(b) "Key Events" means the four main phases in the development process:
(1) Preliminary Application Approval,
(2) Final Application Approval,
(3) Construction Start; and
(4) Construction Completion.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214h - Limited Equity Cooperative/Mutual Housing Association Program › Limited Equity Cooperative/Mutual Housing Association › Section 8-214h-19 - Terms and conditions

Current through July 10, 2024
(a) A developers' fee may be established at up to 10% of the total development cost, less the cost of land, or $100,000, whichever is less.
(b) The fee schedule shall be determined as follows:
Percent of Fee
Key Event
10%
Preliminary Application
15%
Final Application
25%
Construction Start
50%
Construction Completion
(c) Developer's fees are earned based on the schedule established for completing key events in the development process, as approved by the Commissioner.
(d) Developers shall only earn a fee for those key events that are completed according to the established schedule. Developers may not be entitled to earn a fee for key events completed after the established schedule. Developers shall earn, but not receive, any fee, until completion of the housing development.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 214h - Limited Equity Cooperative/Mutual Housing Association Program › Limited Equity Cooperative/Mutual Housing Association › Section 8-214h-20 - Implementation

Current through July 10, 2024
The provisions of Section 8-68g-1, except as otherwise provided, shall govern the implementation of the Limited Equity Cooperative/Mutual Housing Association Program developers' fee.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 216b - State Housing/Community Development Program › Section 8-216b-1 - Definitions

Current through July 10, 2024
The following definitions apply to Sections 8-216b-1 through 8-216b-11 of the Regulations of Connecticut State Agencies:
(a) "Commissioner" means the Commissioner of Housing.
(b) "Community Facilities" means facilities made available for public use which are clearly intended to support adjacent activities that develop or improve housing opportunities for families of low and moderate income.
(c) "Department" means the Connecticut Department of Housing.
(d) "Developer" means:
(1) a housing site development agency which means any economic development agency, human resource development agency, redevelopment agency, community development agency, housing authority or municipal developer designated by ordinance of the legislative body of a municipality to carry out housing and community development projects within the municipality; or
(2) a nonprofit corporation incorporated pursuant to Chapter 600 of the Connecticut General Statutes, and having as one of its purposes the construction, rehabilitation, ownership or operation of housing and having articles of incorporation approved by the Commissioner and such corporation must have secured a commitment for mortgage financing from the U.S. Department of Housing and Urban Development or the Farmer's Home Administration.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 216b - State Housing/Community Development Program › Section 8-216b-2 - Program description

Current through July 10, 2024
(a) The Commissioner is authorized to extend financial assistance in the form of a grant to developers to enable them to undertake community development activities in predominately residential areas to assist in producing housing which is affordable to families of low and moderate income.
(b) Developers may receive state financial assistance to carry out a project in accordance with a housing and community development plan. The plan must be drawn up in accordance with Section 8-216b of the Connecticut General Statutes and approved by the Commissioner before any financial assistance is awarded under this program. The amount of state financial assistance shall not exceed two-thirds of the net project cost as determined by the Commissioner with the approval of the State Bond Commission.
(c) Developers shall be required to comply with all rules and orders promulgated from time to time by the Commissioner and consistent with the Connecticut General Statutes, and these regulations.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 216b - State Housing/Community Development Program › Section 8-216b-3 - Eligibility

Current through July 10, 2024
(a)
A housing site development agency shall:
(1) Be in good standing with the Department of Housing; and
(2) Be designated by ordinance of the legislative body of the municipality for the purpose of carrying out housing and community development projects.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 216b - State Housing/Community Development Program › Section 8-216b-4 - Eligible activities

Current through July 10, 2024
Any developer undertaking a housing and community development project shall use any financial assistance received for one or more of the following activities:
(1) Acquisition of real property for housing or community facilities, including but not limited to, the costs associated with the acquisition or disposition of property through sale, lease, donation or otherwise, where the real property was or will be part of a housing and community development project;
(2) Rehabilitation of building(s) for use as housing or community facilities;
(3) Improvements supporting the development of low and moderate income housing, including but not limited to, site assemblage and preparation, demolition and removal of buildings, including movement of structures to other sites, site and public improvements and pre-construction costs;
(4) Development of community facilities through acquisition, construction, rehabilitation, renovation or installation of community facilities, including but not limited to, neighborhood centers, centers for the handicapped, senior centers, historic properties, public utilities, streets, street lighting, parking facilities, sewer and drainage facilities, parks, playgrounds, and recreation facilities. Such community facilities are eligible activities only when they are clearly intended to support adjacent activities that develop or improve housing opportunities for families of low or moderate income;
(5) Removal of material and architectural barriers which restrict the mobility and accessibility of elderly and handicapped persons to buildings, facilities and improvements;
(6) Relocation payments and assistance to individuals, families, business, or farms, as required under the federal or state Uniform Relocation Assistance Act, as applicable;
(7) Activities to support enforcement of and compliance with building, health and housing codes;
(8) Reasonable administrative costs incurred by the developer in connection with the project;
(9) Related costs which may include:
(A) Labor, materials and other costs of rehabilitation of properties, including repairs directed toward an accumulation of deferred maintenance, replacement of principal fixtures and components of existing structures, installation of security devices, and renovation through alterations, additions to or enhancement of existing structures, which may be undertaken singly or in combination;
(B) Improvements to increase the efficient use of energy;
(C) Improvements to increase the efficient use of water; and
(D) Connection of residential structures to water lines or local sewer collection lines.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 216b - State Housing/Community Development Program › Section 8-216b-5 - Application process

Current through July 10, 2024
(a) The Commissioner may solicit and/or accept applications from developers for financial assistance.
(b) As part of the application and approval process, the developer shall be required to furnish the following:
(1) Certification of the developer's eligibility as defined in Section 8-216b-3 above;
(2) A housing and community development plan which shall be prepared in accordance with Section 8-216b of the Connecticut General Statutes and approved by the Commissioner;
(3) Evidence of housing need and marketability;
(4) Evidence that the project is part of a coordinated neighborhood revitalization effort in a predominantly residential area;
(5) Evidence that the project will be serving the target income groups of low and moderate income families; and
(6) Submit names, addresses and telephone numbers of its current directors or officers and statutory agent for service.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 216b - State Housing/Community Development Program › Section 8-216b-6 - Selection process

Current through July 10, 2024
(a) Applications shall be approved or disapproved by the Commissioner based on the factors listed in Sections 8-216b-3, -4, and -5 above, the availability of financial assistance and the following:
(1) Any needs outlined in the Five Year Housing Advisory Plan;
(2) Preference to low income families to the extent financially possible;
(3) Certification that the housing and community development plan conforms with the Local Housing Assistance Plan, if in existence or such other plans as may be applicable;
(4) Any other statistical data on housing need and marketability and community development needs;
(5) Suitability of the proposed site and project; and
(6) The administrative and financial capability of the developer to plan, complete and manage a project, including past experience and staffing.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 216b - State Housing/Community Development Program › Section 8-216b-7 - Contract for financial assistance

Current through July 10, 2024
(a) Following application approval, the Commissioner shall request that the State Bond Commission provide financial assistance in the form of a grant.
(b) Following approval by the State Bond Commission pursuant to the provisions of Section 3-20 of the Connecticut General Statutes, the State, acting by and through the Commissioner, may enter into a contract(s) with a housing site development agency or nonprofit corporation for financial assistance for a project(s) in the form of grant(s) in an amount not in excess of two-thirds of the cost of the project(s) as approved by the Commissioner.
(c) Such contract(s) shall include, but not be limited to, the amount of the financial assistance to be provided and the rights and obligations of the parties under the contract(s).
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 216b - State Housing/Community Development Program › Section 8-216b-8 - Restrictions on the sale or use of property

Current through July 10, 2024
(a) Any real property acquired with the use of a grant under this program may be transferred for consideration which is less than cost or fair market value to:
(1) a housing authority; or
(2) a person, firm, or corporation who the Commissioner determines is subject to the regulation or supervision of operations, rents, charges, income, or sales price with respect to such real property under a regulatory agreement or other instrument which restricts occupancy of such housing predominantly to persons and families whose income does not exceed one hundred percent of the area median income, as determined by the United States Department of Housing and Urban Development.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 216b - State Housing/Community Development Program › Section 8-216b-9 - Income limits

Current through July 10, 2024
(a) At least 51% (fifty-one percent) of all residents residing in a project under this program must be low and moderate income.
(b) Income limits for low and moderate income residents shall not exceed 100% (one-hundred percent) of the area median income as determined from time to time by the U.S. Department of Housing and Urban Development.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 216b - State Housing/Community Development Program › Section 8-216b-10 - Financial reporting and access to records

Current through July 10, 2024
(a) Each developer shall maintain complete and accurate books and records, insofar as they pertain to state housing and community development projects, and they shall be set up and maintained in accordance with the latest procedures approved by the Commissioner.
(b) Each developer shall furnish the Commissioner with financial statements and other reports relating to the development and operation of the project in such detail and at such times as he may require.
(c) At any time during regular business hours, and as often as the Commissioner may require, the Commissioner or his representatives shall be entitled to full and free access to the accounts, records and books of the developer relative to the project, said permission to include the right to make or require the developer to provide excerpts or transcripts from such accounts, records and books.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 216b - State Housing/Community Development Program › Section 8-216b-11 - Fiscal compliance and examination

Current through July 10, 2024
Each developer receiving financial assistance shall be subject to examination of all books and records. Examinations shall be performed by independent public accountants registered to practice in the State of Connecticut, or by qualified Department personnel. All examinations shall be in accordance with procedures established by the Department.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 218c - Community Housing Development Corporations › Section 8-218c-1 - Definitions

Current through July 10, 2024
(a) "Commissioner" means the Commissioner of the Connecticut Department of Housing.
(b) "Department" means the Connecticut Department of Housing.
(c) "Eligible Low and Moderate Income Persons" means any persons or group of persons whose income fall within limits for family size and geographic location within the state, which have been prescribed by the Commissioner.
(d) "Community Housing Development Corporation," hereinafter referred to as the CHDC, means a nonprofit corporation organized pursuant to the requirements of Chapter 600 and Section 8-217 of the Connecticut General Statutes and whose articles of incorporation have been approved by the Commissioner.
(e) "Financial Resources" means those funds available to a project sponsored by and/or assisted in part by a CHDC.
(f) "Private Sector" means any profit or nonprofit non-governmental entity.
(g) "Project" means any residential or predominantly residential building or buildings identified by a CHDC in its application or any amendment thereof, in which, after construction or rehabilitation, all units will be rented and/or sold to eligible low and moderate income persons.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 218c - Community Housing Development Corporations › Section 8-218c-2 - Eligibility

Current through July 10, 2024
The Commissioner shall, from time to time, receive applications from CHDC's for state assistance in the form of grants and loans for the purposes described in Sections 8-218a and 8-218b of the Connecticut General Statutes. The application shall include evidence that the CHDC has financial resources from the private sector equal to or greater than the amount of the proposed loan or grant for the purpose of making low interest loans, loan guarantees or interest subsidies for the construction or rehabilitation of dwelling units for low and moderate income persons.