Any contract for a loan to purchase a dwelling under section 8-286 may require that the state or the authority shall receive, in exchange for any such loan, a share in the appreciation of the dwelling or any interest therein upon its sale. Such share shall be in an amount determined by the the authority.
(P.A. 91-346, S. 4, 9; P.A. 95-250, S. 29, 42; 95-309, S. 11, 12.)
History: P.A. 95-250 added provision giving the authority a share in the appreciation of a dwelling and replaced a reference to Housing Commissioner with reference to authority; P.A. 95-309 changed effective date of P.A. 95-250 but did not affect this section.
Structure Connecticut General Statutes
Title 8 - Zoning, Planning, Housing and Economic and Community Development
Chapter 136 - Department of Housing: Home Ownership Loans
Section 8-283. - Declaration of policy.
Section 8-285. - Creation of “Housing Purchase and Rehabilitation Fund”.
Section 8-286a. - State or authority to share in appreciation of dwelling.
Section 8-286b. - Mortgagee participation.
Section 8-286c. - Amount of guarantee. Record of payments to honor guarantees.
Section 8-286d. - Termination of loan guarantee.
Section 8-286e. - Affordability incentive zones.
Section 8-287. - Loan repayment.
Section 8-288. - Issuance of bonds.
Section 8-289. - Adoption of regulations or written procedures.