Sec. 8-218e. State financial assistance for provision of technical assistance and management training.
Sec. 8-218e. State financial assistance for provision of technical assistance and
management training. The state, acting by and in the discretion of the Commissioner of
Economic and Community Development, may enter into a contract with the community
housing development corporation, as defined in section 8-217, which has been specially
chartered by the General Assembly pursuant to section 8-218f, for state financial assistance in the form of a state grant-in-aid to enable such corporation to provide technical
assistance and management training in the financing, acquisition, construction and rehabilitation of housing, as defined in said section 8-217, to families (1) whose incomes
do not exceed eighty per cent of the median household income for the area in which the
families reside and (2) who wish to establish limited equity cooperatives, as defined in
section 47-242, or housing cooperatives in which persons participate in the construction
or rehabilitation of their own dwellings. Any such grant shall only be made to said
community housing development corporation if it has resources from other sources in
an amount equal to or greater than one hundred per cent of the proposed grant. Such
other sources may include, but shall not be limited to, other governmental agencies, the
private sector, private foundations and charitable organizations.
(P.A. 86-405, S. 2, 12; P.A. 95-250, S. 1; P.A. 96-211, S. 1, 5, 6.)
History: P.A. 95-250 and P.A. 96-211 replaced Commissioner and Department of Housing with Commissioner and
Department of Economic and Community Development.