Sec. 8-283. Declaration of policy.
Sec. 8-283. Declaration of policy. It is hereby found and declared that many Connecticut residents lack sufficient financial resources to make down payments or regular
mortgage payments on private housing; that it is in the public interest to provide state
financial assistance to such residents to minimize the disruptive effect of condominium
conversion and to encourage home ownership and the rehabilitation of deteriorating
housing in order to stabilize communities, improve the tax base and assist home ownership by low and moderate income families; and that the provisions of this chapter will
further such objectives.
(P.A. 77-612, S. 1; P.A. 80-396, S. 1, 5.)
History: P.A. 80-396 deleted phrase "especially young families and individuals" following "many Connecticut residents" and allowed financial aid "to minimize the disruptive effect of condominium conversion".