Connecticut General Statutes 8-336m – Definitions
As used in this chapter the following terms shall have the following meanings, unless the context clearly indicates a different meaning or intent:
Terms Used In Connecticut General Statutes 8-336m
- affordable housing: means housing for which persons and families pay thirty per cent or less of their annual income, where such income is less than or equal to the area median income for the municipality in which such housing is located, as determined by the United States Department of Housing and Urban Development. See Connecticut General Statutes 8-39a
- Authority: means the Connecticut Housing Finance Authority. See Connecticut General Statutes 8-336m
- Commissioner: means the Commissioner of Housing. See Connecticut General Statutes 8-336m
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Department: means the Department of Housing. See Connecticut General Statutes 8-336m
- development: means a work or undertaking having as its primary purpose the provision of safe, well-designed and adequate housing and related facilities for low and moderate income families and persons and includes existing housing for low and moderate income families and persons and housing whose primary purpose is to provide dwelling accommodations for low and moderate income families and persons but has dwelling accommodations for others. See Connecticut General Statutes 8-336m
- fund: means the Housing Trust Fund created under §. See Connecticut General Statutes 8-336m
- legislative body: means : (1) As applied to unconsolidated towns, the town meeting. See Connecticut General Statutes 1-1
- Low and moderate income families and persons: means families and persons whose income falls within the income levels set by the commissioner pursuant to regulations adopted under subsection (a) of §. See Connecticut General Statutes 8-336m
- Municipal developer: means a municipality 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 board of selectmen if such board is authorized to act as the municipal developer by the town meeting or representative town meeting. See Connecticut General Statutes 8-336m
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- program: means the Housing Trust Fund program developed and administered under §. See Connecticut General Statutes 8-336m
- Secretary: means the Secretary of the Office of Policy and Management. See Connecticut General Statutes 8-336m
- Treasurer: means the State Treasurer and includes each successor in office or authority. See Connecticut General Statutes 8-336m
(1) “Authority” means the Connecticut Housing Finance Authority.
(2) “Commissioner” means the Commissioner of Housing.
(3) “Department” means the Department of Housing.
(4) “Eligible applicant” means: (A) A nonprofit entity; (B) a municipality; (C) a housing authority; (D) a business corporation incorporated pursuant to chapter 601 or any predecessor statutes thereto or authorized to do business pursuant to said chapter 601 having as one of its purposes the construction, financing, acquisition, rehabilitation or operation of affordable housing, and having a certificate or articles of incorporation approved by the commissioner; (E) any partnership, limited partnership, limited liability company, joint venture, sole proprietorship, trust or association having as one of its purposes the construction, financing, acquisition, rehabilitation or operation of affordable housing; (F) the Connecticut Housing Finance Authority; (G) a municipal developer; (H) any community development financial institution; or (I) any combination thereof.
(5) “Housing”, “housing development” or “development” means a work or undertaking having as its primary purpose the provision of safe, well-designed and adequate housing and related facilities for low and moderate income families and persons and includes existing housing for low and moderate income families and persons and housing whose primary purpose is to provide dwelling accommodations for low and moderate income families and persons but has dwelling accommodations for others.
(6) “Housing Trust Fund” or “fund” means the Housing Trust Fund created under § 8-336o.
(7) “Housing Trust Fund program” or “program” means the Housing Trust Fund program developed and administered under § 8-336p.
(8) “Low and moderate income families and persons” means families and persons whose income falls within the income levels set by the commissioner pursuant to regulations adopted under subsection (a) of § 8-336q, except that the commissioner may establish income levels up to and including one hundred twenty per cent of the area median income, as determined by the United States Department of Housing and Urban Development.
(9) “Municipal developer” means a municipality 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 board of selectmen if such board is authorized to act as the municipal developer by the town meeting or representative town meeting.
(10) “Secretary” means the Secretary of the Office of Policy and Management.
(11) “State Bond Commission” means the commission established under § 3-20.
(12) “Treasurer” means the State Treasurer and includes each successor in office or authority.