Title 8 — Title 8: Zoning, Planning, Housing and Economic and Community Development

Sec. 8-265ii. Adoption of procedures. (a) The Connecticut Housing Finance Authority shall adopt procedures in accordance with section 1-121 to implement the provisions of sections 8-265cc to 8-265hh, inclusive. Such procedures shall include the establishment of a process for noti…

Secs. 8-265j to 8-265n. Reserved for future use.

Sec. 8-265jj. Filing of notice of agreement to participate in program with the authority. Section 8-265jj is repealed, effective July 1, 2008. (P.A. 94-185, S. 8, 10; P.A. 08-176, S. 84.)

Sec. 8-265kk. Establishment of component program. Notification to participating homeowners of unavailability of funds. (a) If the authority determines that additional funding sources are necessary to provide emergency mortgage or lien assistance payments to homeowners in accordan…

Sec. 8-265ll. Pilot program of revolving loans to developers for rehabilitation of existing housing. (a) The Connecticut Housing Finance Authority, in conjunction with existing private lending programs and qualified lenders, shall develop a pilot program of revolving rehabilitati…

Sec. 8-265mm. Pilot program of home purchasing assistance for police officers. (a) For purposes of this section: (1) “Applicant” means a local or state police officer who applies for a loan under the home purchasing assistance program, established pursuant to subsection (b) of th…

Sec. 8-265nn. Pilot program for rehabilitation or refinancing of buildings with five to twenty-five dwelling units. (a) The Connecticut Housing Finance Authority shall develop, in conjunction with private lenders and the Federal National Mortgage Association, a two-year pilot pro…

Sec. 8-265o. Definitions. As used in this section and sections 8-265p to 8-265v, inclusive: (1) “Authority” means the Connecticut Housing Finance Authority as created under section 8-244; (2) “Mortgage” means a mortgage deed or other instrument which constitutes a first or second…

Sec. 8-265oo. Residential mortgage loan refinancing guarantee program. (a) As used in this section: (1) “Authority” means the Connecticut Housing Finance Authority as created under section 8-244; (2) “Mortgage” means a mortgage deed or other instrument that constitutes a first co…

Sec. 8-265p. Residential mortgage refinancing guarantee program. The authority shall establish, within the resources allocated by the State Bond Commission to the Department of Housing for the purposes of sections 8-265o to 8-265v, inclusive, a residential mortgage guarantee prog…

Sec. 8-265pp. Mortgage assistance program for certain teachers. The Connecticut Housing Finance Authority shall develop and administer a program of mortgage assistance to certified teachers (1) employed by priority school districts pursuant to section 10-266p, (2) employed by tra…

Sec. 8-265q. Mortgagee participation. (a) Mortgage loan guarantees issued by the authority under the provisions of sections 8-265o to 8-265v, inclusive, shall be in the form of a guarantee from the authority to an approved mortgagee. Mortgagees may participate in the program by e…

Sec. 8-265qq. Assessment increase deferred for rehabilitated properties. (a) The legislative body of any municipality or part thereof designated as a participating municipality by the Connecticut Housing Finance Authority, for purposes of the Urban Rehabilitation Homeownership Pr…

Sec. 8-265r. Eligibility of loans. No loan shall be eligible for a guarantee under the program established pursuant to sections 8-265o to 8-265v, inclusive, unless the authority determines that (1) the loan to be guaranteed is a refinancing of existing debt secured by one or more…

Sec. 8-265rr. Mortgage refinancing program for homeowners with adjustable rate mortgages. (a) As used in this section, “authority” means the Connecticut Housing Finance Authority created under section 8-244. (b) The authority is authorized to continue to develop and implement a p…

Sec. 8-265s. Amount of guarantee. Record of payments to honor guarantees. Notification to State Treasurer. (a) The maximum amount of any guarantee issued by the authority under the provisions of sections 8-265o to 8-265v, inclusive, shall be in an amount equal to the difference b…

Sec. 8-265ss. Homeowner's Equity Recovery Opportunity loan program. (a) As used in this section: (1) “Authority” means the Connecticut Housing Finance Authority created under section 8-244; (2) “Mortgage” means a mortgage deed or other instrument which constitutes a first or seco…

Sec. 8-265t. Points. Annual premium. The mortgagor, in consideration of the guarantee from the authority to the mortgagee, shall pay at the time of the closing of the loan being guaranteed an amount equal to two per cent of the amount of the guarantee. Such payment may be include…

Sec. 8-265tt. Definitions. As used in this section and sections 8-265uu to 8-265xx, inclusive: (1) “Association” means an association of unit owners, as defined in section 47-68a, or an association or unit owners' association, each as defined in section 47-202; (2) “Authority” me…

Sec. 8-265u. Termination of loan guarantee. The authority may terminate any loan guarantee if the mortgagee misrepresents any information pertaining to the guarantee or fails to comply with any term of the mortgage guarantee agreement in connection with the guarantee of the under…

Sec. 8-265uu. Supplemental collapsing foundation loan program. Claims. Financial institutions. Forms. Standards. Notices. (a) The authority shall administer a supplemental collapsing foundation loan program to guarantee the repayment of loans made by an eligible financial institu…

Sec. 8-265v. Written procedures. Not more than thirty days after June 9, 1993, the authority shall adopt written procedures in accordance with the provisions of section 1-121 to implement sections 8-265o to 8-265v, inclusive. (P.A. 93-308, S. 10, 12; 93-435, S. 94, 95.) History: …

Sec. 8-265vv. Loans. Each eligible financial institution that is participating in the program may make loans to an eligible borrower, provided: (1) The eligible borrower demonstrates to the satisfaction of the financial institution that the eligible borrower has a participation a…

Sec. 8-265w. Bond issue authorized. (a) For the purposes described in subsection (b) of this section, the State Bond Commission shall have the power, from time to time to authorize the issuance of bonds of the state in one or more series and in principal amounts not exceeding in …

Sec. 8-265ww. Claims by eligible financial institutions. Assignment of guaranteed loans to state. Recordkeeping. Termination of loan guarantees. Maximum amount of claims. (a) An eligible financial institution that has made a good faith effort to collect the outstanding principal …

Secs. 8-265x to 8-265aa. Reserved for future use.

Sec. 8-265xx. Memorandum of understanding. The Comptroller, the authority and the department may enter into a memorandum of understanding to carry out the provisions of this section, section 8-244 and sections 8-265tt to 8-265ww, inclusive. (P.A. 19-192, S. 11.) History: P.A. 19-…

Sec. 8-265yy. Mortgage assistance for workforce housing projects. The Connecticut Housing Finance Authority shall develop and administer a program of mortgage assistance for (1) developers for the construction or substantial rehabilitation of eligible workforce housing opportunit…