Connecticut General Statutes
Chapter 134 - Connecticut Housing Finance Authority Act
Section 8-244c. - State Housing Authority to be successor to Connecticut Housing Authority.

Upon the establishment of the State Housing Authority and the filing of the certificate of incorporation therefor with the Secretary of the State, the SHA shall constitute the successor to the Connecticut Housing Authority. The terms of the present members of the board of directors of the Connecticut Housing Authority shall expire upon the appointment of a board of directors pursuant to section 8-244b, and upon such expiration, all functions, powers and duties now vested in the Connecticut Housing Authority or the board of directors thereof shall be deemed to be transferred to and assumed by the SHA and the board of directors thereof. Each director of the SHA shall serve for a term as shall be determined by the board of directors of the Connecticut Housing Finance Authority.

(P.A. 95-250, S. 5, 42; 95-309, S. 11, 12.)
History: P.A. 95-309 changed effective date of P.A. 95-250 but did not affect this section.
See Sec. 32-1k for definitions.

Structure Connecticut General Statutes

Connecticut General Statutes

Title 8 - Zoning, Planning, Housing and Economic and Community Development

Chapter 134 - Connecticut Housing Finance Authority Act

Section 8-241. - Short title: Connecticut Housing Finance Authority Act.

Section 8-242. - Declaration of policy.

Section 8-242a. - Establishment of subsidiaries by authority.

Section 8-243. - Definitions.

Section 8-244. - Connecticut Housing Finance Authority deemed a public instrumentality and political subdivision. Board membership. Subsidiaries.

Section 8-244a. - Commissioner of Economic Development to be member of authority.

Section 8-244b. - Establishment of State Housing Authority.

Section 8-244c. - State Housing Authority to be successor to Connecticut Housing Authority.

Section 8-244d. - Bonds, notes or other obligations.

Section 8-244e. - Definitions. Additional powers and duties of Commissioner of Housing.

Section 8-245. - State personnel may be board members of authority.

Section 8-246. - Executive director. Appointment and duties.

Section 8-247. - Bonds or equivalent insurance product of board members and executive director of authority.

Section 8-248. - Perpetual succession of authority.

Section 8-249. - Quorum. Board action. Written procedures.

Section 8-250. - Purpose and powers of authority.

Section 8-251. - Purchase, servicing and sale of mortgages or interests therein. Urban area mortgages. Loans for mobile manufactured homes.

Section 8-252. - Issuance of bonds by authority.

Section 8-252a. - Issuance of bonds secured by payments and other revenues to be received by the state with respect to loans made by the state under bond-financed housing programs.

Section 8-253. - Mortgage loans and insurance of mortgage payments.

Section 8-253a. - Additional loan conditions.

Section 8-254. - Applications for mortgage insurance.

Section 8-254a. - Tenant selection plans of mortgagors.

Section 8-255. - Mortgage insurance premiums.

Section 8-256. - Default by mortgagor and subsequent action.

Section 8-257. - Mortgages insured by authority to be legal investments. Certificate of title required.

Section 8-258. - Housing Mortgage Capital Reserve Fund, additional capital reserve funds, Housing Mortgage General Fund and Housing Mortgage Insurance Fund.

Section 8-259. - State bonds.

Section 8-260. - Reports to Governor and General Assembly. Audit.

Section 8-261. - Pledge by state as to limitation or alteration of rights vested in authority.

Section 8-262. - Interpretation of powers.

Section 8-262a. - Penalty for false statement.

Section 8-263. - Provisions controlling over inconsistent law.

Section 8-264 and 8-265. - Purchase of or loans on mortgages insured by state agencies. Bond issue.

Section 8-265a. - Land of authority subject to local regulation.

Section 8-265b. - Tax-exempt status of authority. Payment in lieu of taxes.

Section 8-265bb. - Contract for state assistance to authority.

Section 8-265c. - *(See end of section for amended version and effective date.) Discrimination re housing financed by authority barred.

Section 8-265cc. - Definitions.

Section 8-265d. - Mortgage assistance for households with incomes below eighty per cent of the area median income.

Section 8-265dd. - Emergency mortgage assistance payment program. Emergency lien assistance payments. Foreclosure of eligible mortgage.

Section 8-265e. - Annual study of current market rent levels.

Section 8-265ee. - Notice to homeowner of foreclosure. Meeting or conference with mortgagee or consumer credit counseling agency.

Section 8-265f. - Program for use of interest earned on real estate broker escrow or trust accounts for mortgage assistance.

Section 8-265ff. - Eligibility for emergency mortgage or lien assistance payments. Application for loan. Disclosure of assets by homeowner. Determination of eligibility by the authority.

Section 8-265g. - Mortgage assistance for low or moderate income families or persons.

Section 8-265gg. - Monthly payments by authority and homeowner. Periodic review of financial circumstances. Modification to amount of payment. Emergency lien assistance payments by authority. Foreclosure of lien.

Section 8-265h. - Housing advisory panel.

Section 8-265hh. - Repayment agreement.

Section 8-265i. - Reverse annuity mortgage program.

Section 8-265ii. - Adoption of procedures.

Section 8-265jj. - Filing of notice of agreement to participate in program with the authority.

Section 8-265kk. - Establishment of component program. Notification to participating homeowners of unavailability of funds.

Section 8-265ll. - Pilot program of revolving loans to developers for rehabilitation of existing housing.

Section 8-265mm. - Pilot program of home purchasing assistance for police officers.

Section 8-265nn. - Pilot program for rehabilitation or refinancing of buildings with five to twenty-five dwelling units.

Section 8-265o. - Definitions.

Section 8-265oo. - Residential mortgage loan refinancing guarantee program.

Section 8-265p. - Residential mortgage refinancing guarantee program.

Section 8-265pp. - Mortgage assistance program for certain teachers.

Section 8-265q. - Mortgagee participation.

Section 8-265qq. - Assessment increase deferred for rehabilitated properties.

Section 8-265r. - Eligibility of loans.

Section 8-265rr. - Mortgage refinancing program for homeowners with adjustable rate mortgages.

Section 8-265s. - Amount of guarantee. Record of payments to honor guarantees. Notification to State Treasurer.

Section 8-265ss. - Homeowner's Equity Recovery Opportunity loan program.

Section 8-265t. - Points. Annual premium.

Section 8-265tt. - Definitions.

Section 8-265u. - Termination of loan guarantee.

Section 8-265uu. - Supplemental collapsing foundation loan program. Claims. Financial institutions. Forms. Standards. Notices.

Section 8-265v. - Written procedures.

Section 8-265vv. - Loans.

Section 8-265w. - Bond issue authorized.

Section 8-265ww. - Claims by eligible financial institutions. Assignment of guaranteed loans to state. Recordkeeping. Termination of loan guarantees. Maximum amount of claims.

Section 8-265xx. - Memorandum of understanding.