Connecticut General Statutes
Chapter 134 - Connecticut Housing Finance Authority Act
Section 8-264 and 8-265. - Purchase of or loans on mortgages insured by state agencies. Bond issue.

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.