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Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 218c - Community Housing Development Corporations › Section 8-218c-3 - Procedures

Current through July 10, 2024
(a)
Use of funds
The CHDCs shall use funds provided pursuant to Sections 8-218a and 8-218b to establish a fund from which loans, loan guarantees, or interest subsidies can be made which will assist in the construction and rehabilitation of dwelling units for eligible low and moderate income persons. Any project receiving assistance from the loan fund established by the CHDC must derive at least 50% of its funding from sources other than state grants or loans. The Corporation shall notify the Commissioner in writing of all financial contributions to each project from any agency of the State of Connecticut other than the Department of Housing.
(b)
Applications
As part of an application for funding, the Commissioner may require that the CHDC provide documentation which may include, but is not limited to, the following: a demonstration that the CHDC has been properly designated as a CHDC by the legislative body of the municipality or municipalities in which it is operating or has been designated as a state-wide Community Housing Development Corporation by an act of the General Assembly; and description of the project or projects as defined herein, to be assisted with funds provided pursuant to this Section; a demonstration that there are financial resources from private sector sources available to projects assisted by it which are equal to or greater than the amount of the funding requested; a demonstration that each project to be assisted with funds provided pursuant to this Section derive no more than 50% of its total funds from state grants or loans; and a description of how the CHDC intends to administer its funds. Upon approval of the application by the Commissioner, the Commissioner may request that the State Bond Commission authorize the issuance of bonds of the state for the purposes described in Sections 8-218a and 8-218b.
(c)
CHDC contracts
Upon approval of funding by the State Bond Commission, the CHDC and the Department of Housing shall enter into a contract which enumerates the specific obligations of each party, including, but not limited to, requirements for a feasibility analysis for each property, requirements for the preparation of work specifications and cost estimates, the time allowed for completion of the rehabilitation work, the type of security required for each loan, and the income levels permitted for the tenants of the projects.
(d)
Project recommendations
Upon execution of a contract, the CHDC shall recommend to the Commissioner individual projects which will benefit from a loan, loan guarantee or interest subsidy. The Commissioner shall review the CHDC's recommendation and based on its compliance with these regulations, notify the CHDC of his approval or rejection of each project.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 218c - Community Housing Development Corporations › Section 8-218c-4 - Underwriting criteria

Current through July 10, 2024
The following requirements shall apply to all projects funded pursuant to these regulations:
(a)
Rental properties
Prior to approving a loan, interest subsidy, or loan guarantee and recommending its approval to the Commissioner, the CHDC shall ensure that the rental income from the housing units will provide sufficient funds to pay the following expenses: all property taxes, fire district taxes, water and sewer taxes, and other municipal and state taxes which may apply (taxes which are based on the value of the property shall be estimated based on the after-rehabilitation value); all outstanding loan and/or mortgage payments chargeable against the property (including the loan being provided by the CHDC pursuant to Sections 8-218a and 8-218b ); a "debt service coverage ratio" of at least 1.10; all utility payments which are not payable directly by the tenants; insurance costs; management and routine maintenance; project reserves equal to 5% of the items listed above, and a return on investment not to exceed 10% of the difference between the appraised value of the property and the pre-existing indebtedness on the property as determined by the Commissioner. In addition, the outstanding indebtedness on the property (including the CHDC's loan) shall not exceed 90% of the appraised after rehabilitation value of the building.
(b)
Ownership properties
Prior to approving a loan, loan guarantee, or interest subsidy and recommending its approval to the Commissioner, the CHDC shall ensure that the income from the sale of the project, whether as a whole or as individual units, will be sufficient to pay all outstanding loans and liens against the property, including the loan provided by the CHDC, and all costs associated with the sale of the project or its individual units.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 218c - Community Housing Development Corporations › Section 8-218c-5 - Eligible costs

Current through July 10, 2024
(a)
Eligible costs
The CHDC may provide loans, loan guarantees and interest subsidies for the construction or rehabilitation of projects from available state and private resources. Eligible costs which may be included are those rehabilitation costs necessary to bring the units into conformance with State Building Code standards, as determined by the CHDC and approved by the Commissioner. Eligible costs may also include, but are not limited to, the following: appraisal fees; building permits; costs of processing and closing the loan; and, architectural, engineering, or related professional services, if required.
(b)
Appraisals
Fee appraisals must be made for all properties to be assisted and will be made on the after-rehabilitation value of the property.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 218c - Community Housing Development Corporations › Section 8-218c-6 - Terms and conditions of rehabilitation loans

Current through July 10, 2024
(a)
Interest rates
Interest rates shall be recommended by the CHDC to the Commissioner and should not be less than 5% unless the CHDC demonstrates that a lower rate is necessary to make the project feasible. The interest rate requested will be based on the loan amount needed to construct or rehabilitate the property, the operating costs of the building (including all debt service), and the potential income derived from the property after construction or rehabilitation.
(b)
Terms of loan
The CHDC may make interim construction or rehabilitation loans and/or permanent loans from their allocation. The term of the interim construction loan shall not exceed one year. However, in the event that it is determined and can be demonstrated by the CHDC that the best interests of the project will be served by extending this one year period, such an extension may be requested by the CHDC, and may be granted by the Commissioner. The term of the permanent financing shall not exceed twenty years, unless it can be demonstrated by the CHDC that the best interests of the project will be served by extending the term. In this instance, the Commissioner may extend the term to not more than thirty years.
(c)
Security
All loans made by the CHDC out of its allocation shall be secured by a mortgage on the property which will be immediately assigned to the Commissioner. In the event of default, the Commissioner may foreclose on the property, or take any steps deemed necessary to protect the financial interests of the State.
(d)
Repayment
Repayment of interim loans shall be due in one lump sum payment at the time of the closing of the permanent financing. Such lump sum payment shall include all principal and interest. For projects which involve the sale of individual units, the interim loan shall be repaid as each unit is sold. Interest and principal payments shall be prorated based on the value of the unit to the value of the whole project and the length of time the loan was outstanding for each unit. Repayment of permanent loans shall be based on a monthly repayment schedule over the life of the loan. The interim loan may either be converted to a permanent loan or repaid directly to the Commissioner. Payments on any permanent loan shall be made directly to the Commissioner.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 218c - Community Housing Development Corporations › Section 8-218c-7 - Interest subsidies

Current through July 10, 2024
(a)
Applications
The CHDC may use the funds provided pursuant to Sections 8-218a and 8-218b to administer an interest subsidy program. Pursuant to an interest subsidy the CHDC may provide up to 50% of the total financing needed to construct or rehabilitate an eligible project at whatever interest rate is necessary to make the project financially feasible. As part of a preliminary application for funding under this section, the Commissioner may require that the CHDC provide documentation, in addition to that required by Section 8-218c-2, which demonstrates that one or more lenders have agreed in writing to participate in the program, defines the terms and conditions of the lender's participation, and demonstrates that each participating lender will not charge borrowers an interest rate higher than that charged by it for similar non-subsidized loans.
(b)
Procedures
The repayment of any loans provided pursuant to this Section shall be in the same manner as that provided for in Section 8-218c-6(d).
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 218c - Community Housing Development Corporations › Section 8-218c-8 - Loan guarantees

Current through July 10, 2024
(a)
Applications
The CHDC may use the funds provided pursuant to Sections 8-218a and 8-218b to make loan guarantees on behalf of eligible borrowers for the purpose of insuring the repayment of interim and/or permanent loans. As part of an application for funding under this Section, the Commissioner may require that the CHDC provide documentation, in addition to that required by Section 8-218c-2, which demonstrates that one or more lenders have agreed in writing to participate in the program, describes the terms and conditions of their participation, and certifies that the lending institution will not pay less interest on the State funds deposited as the guarantee than it is paying for other investments of like amount and term.
(b)
Procedures
The CHDC may deposit funds provided pursuant to this Section in an interest bearing account in a financial lending institution approved by the Commissioner for the purpose of guaranteeing loans to eligible borrowers for eligible projects. At no time shall the amount deposited in such an account exceed the outstanding principal balance of the guaranteed loans.
(c)
Payments on default
The CHDC shall, upon notification by a lender that a borrower is in default of his or her loan payments, contact the borrower and attempt to develop a repayment schedule which resolves the default to the satisfaction of the lender. If such a repayment schedule cannot be worked out, the CHDC must notify the Commissioner in writing that it has made a payment against a guaranteed loan. It must also document at that time the efforts it made to resolve the default prior to making payment against the loan guarantee.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 218c - Community Housing Development Corporations › Section 8-218c-13 - Definitions

Current through July 10, 2024
The following definitions apply to Sections 8-218c-13 through 8-218c-24 of the Regulations of Connecticut State Agencies:
(a) "Commissioner" means the Commissioner of Housing.
(b) "Department" means the Connecticut Department of Housing.
(c) "Developer" means
(1) A community housing development corporation (CHDC) incorporated and organized pursuant to the requirements of Chapter 600 and Section 8-217 of the Connecticut General Statutes, having as one of its purposes the financing, acquisition, construction or rehabilitation of housing, and having articles of incorporation approved by the Commissioner;
(2) A nonprofit corporation; incorporated pursuant to Chapter 600 of the Connecticut General Statutes, having as one of its purposes the construction, rehabilitation, ownership, or operation of housing, and having articles of incorporation approved by the Commissioner;
(3) A business corporation incorporated pursuant to Chapter 599 of the Connecticut General Statutes, having as one of its purposes the construction, rehabilitation, ownership, or operation of housing, and having articles of incorporation approved by the Commissioner;
(4) A housing partnership, limited partnership, joint venture, trust or association having basic documents of organization approved by the Commissioner, and having as one of its purposes the construction, rehabilitation, ownership, or operation of housing;
(5) A housing authority established in accordance with Section 8-40 of the Connecticut General Statutes;
(6) A family or person approved by the Commissioner as qualified to own, construct, rehabilitate, or operate housing under a mortgage loan made or insured under an agreement entered into pursuant to the provisions of Chapter 128 of the Connecticut General Statutes and these regulations;
(7) A municipal developer, which means a municipality which has not declared by resolution a need for a housing authority pursuant to Section 8-40 of the Connecticut General Statutes, acting by and through its legislative body, except that in any town in which a town meeting or representative town meeting is the legislative body, "Municipal Developer" means the governing body authorized to act as the Municipal Developer by the town meeting or representative town meeting.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 218c - Community Housing Development Corporations › Section 8-218c-14 - Program description

Current through July 10, 2024
(a) The Community Housing Development Corporation Program has five components: predevelopment activities, large bedroom units, loan fund, accessibility modification, and adaptability conversion, which provide financial assistance to develop and rehabilitate housing for low and moderate income families.
(b) Developers shall be required to comply with all rules and orders that may be 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 › 218c - Community Housing Development Corporations › Section 8-218c-15 - Predevelopment activities

Current through July 10, 2024
(a) The Commissioner may provide financial assistance to developers, equal to the cost of predevelopment activities financed by a mortgage loan under any federal or state housing statute.
(b) Eligible expenses are limited to the following: appraisals, title searches, legal fees, option agreements, architectural, engineering and consultants' fees, financing fees, closing costs and such other expenses as may be financed by a mortgage loan under any federal or state housing statute.
(c) Financial assistance shall be in the form of a loan and may only be repaid if such expenses are to be recovered by the developer from the mortgage loan or the proceeds of the sale of the housing development.
(d) Preference for predevelopment activities shall be given to developers who have applied for housing construction or rehabilitation funding under the Community Housing Development Corporations Program.
(e) Developers shall be required to submit evidence of a conditional commitment of financing from a federal or state housing program in conjunction with their application for financial assistance under this section.
(f) Income limits shall be those established by the state and/or federal program being utilized. However, a preference will be given to those developments which propose to serve a mixed income population.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 218c - Community Housing Development Corporations › Section 8-218c-16 - Large bedroom units

Current through July 10, 2024
(a) The Commissioner may provide financial assistance to developers who have received financial assistance under Section 8-218c-15 of these regulations, for the development or rehabilitation of housing which the Commissioner has determined contains a substantial number of dwelling units of three or more bedrooms; and in accordance with Section 8-218(a) (2) (A) and (B) of the Connecticut General Statutes.
(b) Eligible expenses include but are not limited to: the following: site preparation, construction or rehabilitation, architect's fees, and administrative or other costs or expenses incurred by the state.
(c) Financial assistance shall be in the form of a grant or loan. For those developers selected for combination grants and loans, grant funds shall be limited to only those expenses which cannot feasibly be financed by the loan.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 218c - Community Housing Development Corporations › Section 8-218c-17 - Loan fund

Current through July 10, 2024
(a) The Commissioner may provide loans to eligible developers to establish and administer a loan fund from which eligible developers may make loans or deferred loans to eligible borrowers for the development and rehabilitation of housing for low and moderate income families.
(b) For purposes of this section, eligible borrowers shall be eligible developers as defined in Section 8-218c-13(d) except for the developer administering the same loan fund.
(c) Eligible expenses include but are not limited to: appraisals, title searches, legal fees, option agreements, architectural, and engineering fees, financing fees, closing costs, construction, rehabilitation, renovation, and such other expenses as the Commissioner shall deem to be reasonable and necessary.
(d) The incomes of occupants of assisted units must not exceed one hundred percent (100%) of the area median income, adjusted for family size, as determined from time to time by the United States Department of Housing and Urban Development.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 218c - Community Housing Development Corporations › Section 8-218c-18 - Accessibility modification

Current through July 10, 2024
(a) The Commissioner may provide financial assistance to community housing development corporations which in turn will assist eligible applicants for the purpose of making structural or interior or exterior modifications to any dwelling unit which may be necessary to make the dwelling units accessible to and usable by persons with physical or mental disabilities.
(b) Financial assistance shall be in the form of a grant to be used by the Community Housing Development Corporation to make grants, loans, or deferred loans to eligible applicants.
(c) For purposes of this section, eligible applicants shall be those individuals who meet income limits as set forth below:
For grants, (1) any owner of a single-family or multi-family dwelling whose income does not exceed eighty percent (80%) of the area median income, adjusted for family size, as determined from time to time by the United States Department of Housing and Urban Development and adjusted for medical expenses; (2) any tenant whose income does not exceed eighty percent (80%) of such area median income, adjusted for family size and medical expenses, and who furnishes satisfactory evidence that the owner of the dwelling in which the tenant resides has approved the intended structural or interior or exterior modifications.
For loans or deferred loans (1) any owner of a single-family or multi-family dwelling unit whose income does not exceed one hundred and fifty percent (150%) of the area median income, adjusted for family size, as determined from time to time by the United States Department of Housing and Urban Development and adjusted for medical expenses; or (2) any tenant whose income does not exceed one hundred percent (100%) of the area median income, adjusted for family size and medical expenses, and who furnishes satisfactory evidence that the owner of the dwelling in which the tenant resides has approved the intended structural or interior or exterior modifications.
(d) In the absence of sufficient assets, the Commissioner may provide an unsecured loan in an amount not to exceed ten thousand dollars ($10,000).
(e) Eligible modification costs shall be those accessibility features required by the American National Standards Institute (ANSI) and any other features which the Commissioner determines are necessary to accommodate persons having physical or mental disabilities.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 218c - Community Housing Development Corporations › Section 8-218c-18a - Adaptability conversion

Current through July 10, 2024
(a) The Commissioner may provide financial assistance to community housing development corporations which in turn will assist eligible applicants for the purpose of converting adaptable living units into units accessible to persons with disabilities and for the reconversion of such units back to adaptable living units.
(b) Financial assistance shall be in the form of a grant to be used by the Community Housing Development Corporation to make grants to eligible applicants.
(c) For purposes of this section, eligible applicants shall be any tenant whose income does not exceed eighty percent (80%) of the area median income adjusted for family size and medical expenses, as determined from time to time by the United States Department of Housing and Urban Development or a owner of a unit in a complex or building subject to the provisions of subsections (c) and (d) of Section 29-273.
(d) Eligible modification costs shall be those adaptability conversion features required to convert an adaptable unit. Such adaptability features must meet the Connecticut Building Code, and may include, but are not limited to, grab bars, door hardware and adjustments to kitchen and bathroom fixtures and equipment.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 218c - Community Housing Development Corporations › Section 8-218c-19 - Eligibility

Current through July 10, 2024
(a) A Community Housing Development Corporation must, in addition to the requirements in subsection (f) below:
(1) Be in good standing with the Department;
(2) Submit a statement, except for those corporations specially chartered by the general assembly, showing designation by the governing body of a municipality or by a joint resolution of the governing bodies of two or more municipalities to enter into contracts with the state as provided for in Section 8-218 of the Connecticut General Statutes;
(3) Submit documentation of tax exempt status, if applicable;
(4) Submit an endorsed certificate of incorporation, which includes the articles of incorporation, certified by the Secretary of The State;
(5) Submit a certificate of good standing certified by the Secretary of The State; and
(6) Inform the Department, in writing, of the corporation's principal place of business.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 218c - Community Housing Development Corporations › Section 8-218c-20 - Application process

Current through July 10, 2024
(a) The Commissioner may solicit and/or accept applications for financial assistance for housing developments from developers.
(b) Applications shall be approved or disapproved by the Commissioner based on but not limited to the following:
(1) Evidence of the developer's eligibility as defined in Section 8-218c-19 of these regulations;
(2) Housing need and marketability;
(3) Any needs outlined in the Five Year Housing Advisory Plan;
(4) Commitment for funding from other sources, if applicable;
(5) Evidence of the developer's ability to establish and administer a loan fund, if applicable;
(6) The apparent capability of the developer to plan complete and manage the housing development; and
(7) Financial information on projected expenses.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 218c - Community Housing Development Corporations › Section 8-218c-21 - Contract for financial assistance

Current through July 10, 2024
(a) Contract(s) shall include, but not be limited to: the amount of the financial assistance to be provided, the terms and conditions, the rights and obligations of the parties under the contract(s), and any other special provisions agreed upon between the parties.
(b) Permanent financing shall be repayable within thirty (30) years from the date of completion of the housing development as determined by the Commissioner.
(c) A legal instrument, as approved by the Commissioner, shall be filed governing the long term use and resale of the property for which the state has provided financial assistance. The Commissioner may subordinate the state's mortgage(s) if the level of state financial assistance warrants.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 218c - Community Housing Development Corporations › Section 8-218c-22 - Prepayment

Current through July 10, 2024
(a) The developer shall, no later than one year prior to prepayment, provide written notice to the Commissioner, chief executive officer of the municipality in which such housing is located and to all tenants residing in such housing of its intent to prepay the state's financial assistance.
(b) A loan shall not be prepaid for a period of twenty years without the express written consent of the Commissioner. The Commissioner may grant such consent if he finds that:
(1) the prepayment of the loan will not result in a material escalation of rents charged to occupants of the housing development;
(2) the developer intends to provide relocation benefits, as required;
(3) liens on the property will remain in full force and effect for the remainder of the original mortgage provided by the state; and
(4) on sale or prepayment of the mortgage, whichever is sooner, the eligible borrower may be required to repay the difference between the interest rate paid by the state to borrow the funds and the rate paid by the eligible borrower.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 218c - Community Housing Development Corporations › Section 8-218c-23 - Reporting and access to records

Current through July 10, 2024
(a) Developers shall maintain complete and accurate books and records 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, as well as the families being served, in such detail and at such times as he may require.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 218c - Community Housing Development Corporations › Section 8-218c-24 - Fiscal compliance and examination

Current through July 10, 2024
Developers 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 performed 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-30 - Definitions

Current through July 10, 2024
The following definitions apply to Sections 8-218c-30 through 8-218c-32 of the Regulations of Connecticut State Agencies:
(a) "Developers' Fee" means a bonus earned by developers that have, as determined by the commissioner, demonstrated successful project performance.
(b) "Project Cost" means the amount of financial assistance approved by the state bond commission, not including the developer's fee, for the expenses of acquisition, development, project selection, construction, rehabilitation, renovation and oversight of existing or planned low and moderate income housing or to make loans for construction, rehabilitation and renovation of such housing.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 218c - Community Housing Development Corporations › Section 8-218c-31 - Terms and conditions

Current through July 10, 2024
(a) A developers' fee shall be 10% of the project cost.
(b) The developer's fee shall be paid based on the following:
(1) Determine an annual developer's fee by dividing the total fee by the duration of the project;
(2) Twenty-five percent of the annual fee shall be paid to the developer on contract execution;
(3) The balance of the fee shall be paid in quarterly installments, upon submission by the developer of a payment request and evidence of successful project performance as determined by the commissioner.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 219c - Senior Citizen Emergency Home Repair and Rehabilitation Program › Section 8-219c-1 - Definitions

Current through July 10, 2024
(a) "Commissioner" means the Commissioner of Housing.
(b) "Department" means the Department of Housing.
(c) "Eligible Senior Citizen" means a resident of the State of Connecticut who is 62 years of age or older, whose income does not exceed the maximum qualifying income for tax relief under the provisions of Section 12-170aa of the Connecticut General Statutes, and who owns and occupies an eligible residential property.
(d) "Eligible Residential Property" or "Subject Property" means a residential structure consisting of up to two dwelling units in which at least one of the dwelling units is in need of emergency repairs and rehabilitation and where the owner of such shall reside in at least one of the dwelling units.
(e) "Emergency Repair and Rehabilitation" means any repair and rehabilitation activities which are necessary to permit continued use of the property for residential purposes.
(f) "Financial Assistance" means a grant-in-aid or loan provided to an eligibile senior citizen for expenses incurred for emergency repairs to or rehabilitation of a residential property.
(g) "Senior Citizen Emergency Home Repair and Rehabilitation Fund" means the fund established by Public Act 87-494, administered by the Commissioner, from which loans are made to eligible senior citizens for emergency repairs and rehabilitation to eligible residential properties and for expenses incurred by the Commissioner in the implementation of the program.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 219c - Senior Citizen Emergency Home Repair and Rehabilitation Program › Section 8-219c-2 - Program description

Current through July 10, 2024
(a) The Commissioner may enter into a contract with any person who is sixty-two (62) years of age or older and whose income does not exceed the maximum qualifying income for eligibility for benefits under the program of tax relief for certain elderly homeowners under Section 12-170aa of the Connecticut General Statutes. Financial aid shall be in the form of a grant or loan, based on the financial needs of such person, and shall finance emergency repairs to or rehabilitation of a dwelling containing up to two residential units, provided such person shall be the owner of such dwelling and shall reside in at least one of such units.
(b) Eligible senior citizens may receive financial assistance for emergency repairs and rehabilitation necessary, in the opinion of the Commissioner, to permit the continued use of the property for residential purposes. Costs eligible under this program include, but are not limited to, labor and materials, initial service charges, appraisals, inspection fees and closing costs.
(c) Eligible senior citizens 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 for this program.
(d) The Commissioner may use the Senior Citizen Emergency Home Repair and Rehabilitation Fund for expenses incurred by the Department in the implementation of the Senior Citizen Emergency Home Repair and Rehabilitation Program.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 219c - Senior Citizen Emergency Home Repair and Rehabilitation Program › Section 8-219c-3 - Eligibility

Current through July 10, 2024
To be eligible to participate in this program, an applicant shall;
(a) Be a resident of the State of Connecticut;
(b) Be sixty-two (62) years of age or older;
(c) Have an income which does not exceed the maximum qualifying income for tax relief under the provisions of Section 12-170aa of the Connecticut General Statutes; and
(d) Own the subject property and occupy at least one dwelling unit within the subject property.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 219c - Senior Citizen Emergency Home Repair and Rehabilitation Program › Section 8-219c-4 - Application

Current through July 10, 2024
(a) The Commissioner may solicit and/or accept applications for financial assistance from eligible senior citizens.
(b) As part of the application and loan/grant approval process, the applicant shall be required to furnish the following:
(1) Evidence that the applicant is an eligible senior citizen as described in Section 1 (c) and Section 3 above;
(2) Evidence that the subject property is an eligible residential property as described in Section 1 (d) above; and
(3) Evidence that the emergency repairs and rehabilitation to be undertaken are necessary to permit the continued use of the subject property for residential purposes.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 219c - Senior Citizen Emergency Home Repair and Rehabilitation Program › Section 8-219c-5 - Funding priority

Current through July 10, 2024
Funding priority will be based on the following:
(a) Availability of funds to perform the necessary repairs; and
(b) Emergency nature of repairs; and
(c) Date of receipt of applications.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 219c - Senior Citizen Emergency Home Repair and Rehabilitation Program › Section 8-219c-6 - Loan/grant qualifications

Current through July 10, 2024
All financial assistance shall be in the form of a loan, unless the applicant can supply evidence, to the satisfaction of the Commissioner, of the applicant's inability to repay the loan, in which case, a grant may be provided to the applicant.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 219c - Senior Citizen Emergency Home Repair and Rehabilitation Program › Section 8-219c-7 - Contract for financial assistance

Current through July 10, 2024
(a) 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 an eligible senior citizen for financial assistance for emergency repairs and rehabilitation in the form of a grant or loan in a principal amount not less than $1,000 and not greater than $10,000.
(b) Loans made under this program shall be secured by a mortgage deed and note, signed when the loan note is executed and recorded in the land records of the municipality in which the subject property is located.
(c) Unpaid principal, together with any interest, shall be due and payable, at the discretion of the Commissioner, when the subject property ceases to be used as a dwelling for the person to whom such loan was made, if such person assigns, transfers or otherwise conveys his/her interest in the subject property, or if all or part of the loan is used for purposes other than eligible emergency repairs and rehabilitation costs as described in Section 2 (b) above.
(d) If a recipient is unable to repay a loan, the Commissioner may, at his discretion, adjust the interest rate, terms and conditions of the loan to facilitate repayment, but in no case shall the term of the loan exceed 30 years.
(e) The interest rate for loans shall be established by the State Bond Commission, based upon the recommendation of the Commissioner.
(f) The contract for a grant-in-aid shall provide that if the subject property, within ten years of the date of such grant, ceases to be used as a dwelling for the person to whom such grant was made, if such person assigns, transfers or otherwise conveys the interest in such dwelling, or if all or part of the grant is used for purposes other than eligible emergency repairs and rehabilitation costs as described in Section 2 (b) above, then an amount equal to the amount of such grant, minus ten percent (10%) for each full year which has elapsed since the date of such grant, shall be repaid to the state.
(g) The contract shall also provide that a lien in favor of the State shall be placed upon each subject property for which a grant has been provided to ensure that the amount owing will be repaid in the event of a change in occupancy.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 219c - Senior Citizen Emergency Home Repair and Rehabilitation Program › Section 8-219c-8 - Income eligibility

Current through July 10, 2024
For the purpose of determining eligibility for this program, the applicant shall submit an approved "Application for Tax Credits for Elderly Homeowners and Totally Disabled Persons" for the most recent Grand List in the applicant's municipality.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 219c - Senior Citizen Emergency Home Repair and Rehabilitation Program › Section 8-219c-9 - Compliance

Current through July 10, 2024
(a) The subject property may be inspected by the Commissioner or his representative before, during and after the emergency repairs and rehabilitation work is performed to ensure that the work undertaken with the grant or loan is necessary to permit continued use of the subject property for residential purposes.
(b) In the event of any non-compliance with any portion of these regulations, the applicant will be subject to repayment of grant or loan as described in Section 7 above.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 219d - Nonprofit Corporations Assistance Program › Section 8-219d-1 - Definitions

Current through July 10, 2024
(a) "Commissioner" means the Commissioner of Housing.
(b) "Department" means the Connecticut Department of Housing.
(c) "Elderly" means persons sixty-two years of age and over who lack the amount of income which is necessary, as determined by the Commissioner, to enable them to live in decent, safe and sanitary dwelling units without financial assistance.
(d) "Family" means a household consisting of one or more persons.
(e) "Low and Moderate Income Families" means families who lack the amount of income which is necessary, as determined by the Commissioner, to enable them, without financial assistance, to live in decent, safe and sanitary dwellings, without overcrowding.
(f) "Nonprofit Corporation" means a nonprofit corporation incorporated pursuant to Chapter 600 of the Connecticut General Statutes, having as one of its purposes the construction, rehabilitation, ownership or operation of housing and having articles of incorporation approved by the Commissioner.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 219d - Nonprofit Corporations Assistance Program › Section 8-219d-2 - Program description

Current through July 10, 2024
(a) The Commissioner may enter into a contract with nonprofit corporations for financial assistance in the form of grants to assist such corporations with the costs of administrative expenses and technical assistance associated with the development or rehabilitation of housing for low and moderate income families and the elderly. Such grants shall be limited to those nonprofit corporations which have available funding for administrative expenses from other sources in an amount equal to or greater than one hundred percent of the proposed grant. If the nonprofit corporation has been incorporated for less than two years, the Commissioner may approve a grant of up to 100% of such costs. Grants made to nonprofit corporations shall not exceed $100,000.
(b) Nonprofit corporations may receive state financial assistance for the costs of administrative expenses and technical assistance, including, but not limited to:
(1) general operating expenses including rent, utilities, supplies, telephone, postage, printing, travel and insurance;
(2) benefits and salaries for staff providing the following services: project planning, development, coordination or oversight; clerical, bookkeeping or accounting services; development of financial or in-kind resources for the nonprofit corporation through local fundraising activities or proposals to public or private sources; recruitment, selection and training of housing cooperative members; recruitment and selection of occupants for rental housing; supervision of unskilled volunteers, unemployed or underemployed persons receiving on-the-job training, or persons participating in the construction or rehabilitation of their own dwellings; and financial counseling to prospective homeowners;
(3) the provision of technical assistance services to other nonprofit corporations involved in the development of housing for low and moderate income families and the elderly, and
(4) other personal services related to the acquisition and rehabilitation or construction of housing, including the cost of hiring a consultant to assist in the development process, assessing the cost of technical problems associated with the construction or rehabilitation of a particular building, preparing construction documents, and estimating costs and monitoring construction.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 219d - Nonprofit Corporations Assistance Program › Section 8-219d-3 - Eligibility

Current through July 10, 2024
A nonprofit corporation must:
(a) Certify that it is recognized as a tax exempt organization by the federal government or the State of Connecticut;
(b) Submit an endorsed certificate of incorporation certified by the Secretary of State;
(c) Submit evidence that the nonprofit corporation is in good standing with the Secretary of the State's Office;
(d) Inform the Department, in writing, of the corporation's principal place of business;
(e) Submit articles of incorporation or by-laws that state as one of its purposes the construction, rehabilitation, ownership, or operation of housing; and
(f) Submit a list of 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 › 219d - Nonprofit Corporations Assistance Program › Section 8-219d-4 - Application process

Current through July 10, 2024
(a) The Commissioner may solicit or accept applications for financial assistance from nonprofit corporations.
(b) As part of the application and approval process, the nonprofit corporation shall be required, at minimum, to furnish the following:
(1) a copy of the nonprofit corporation's operating budget listing all revenue by source as well as expenses to be supported by the proposed grant;
(2) a description and timetable of the nonprofit corporation's present and projected activities involving the development and rehabilitation of housing for low and moderate income families and the elderly;
(3) a plan identifying the number of dwelling units for low and moderate income families and the elderly which will be under development or rehabilitation during the period for which the financial assistance is requested, including the projected completion dates of such units;
(4) evidence of the status of proposals to finance the development or rehabilitation of dwelling units during the period for which the financial assistance is requested; and,
(5) the Commissioner may, from time to time, request additional information of the nonprofit corporation.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 219d - Nonprofit Corporations Assistance Program › Section 8-219d-5 - Contract for financial assistance

Current through July 10, 2024
(a) Following approval of an application by the Commissioner, the State, acting by and through the Commissioner, may enter into a contract with a nonprofit corporation for financial assistance.
(b) Such contract shall include, but not be limited to, the amount of the grant to be provided, the term of the contract and the rights and obligations of the parties under the contract.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 219d - Nonprofit Corporations Assistance Program › Section 8-219d-6 - 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 this program, 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 reports on a quarterly basis on the progress of their activities as they pertain to this program. If the Commissioner finds that a nonprofit corporation has failed to meet its goals and timetables during any quarter, he shall so inform the nonprofit corporation of his findings in writing and direct them to correct the deficiency by the end of the next quarter. If, at the end of the next quarter, the Commissioner finds that the nonprofit corporation has still not met its goals and timetables, he may notify the nonprofit corporation of his intent to terminate the grant and make no further payments for eligible costs to the nonprofit corporation. The nonprofit corporation may request a meeting with the Commissioner to discuss his proposed action within ten days of his notice. Following the Commissioner's notice, payments for eligible costs to the nonprofit corporation shall be suspended until the Commissioner arrives at a decision as to whether or not to terminate such grant.
(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 nonprofit corporation relative to the grant, said permission to include the right to make excerpts or transcripts from such accounts, records and books.
Connecticut Administrative Code › Title 8 - Zoning, Planning, Housing, Economic and Community Development › 219d - Nonprofit Corporations Assistance Program › Section 8-219d-7 - Fiscal compliance and examination

Current through July 10, 2024
Nonprofit corporations receiving financial assistance from this program shall be subject to examination of all books and records. Each nonprofit corporation receiving such financial assistance shall contract annually with an independent accounting or management consulting firm to conduct a performance audit of the nonprofit corporation.