§ 8-241 Short title: Connecticut Housing Finance Authority Act
§ 8-242 Declaration of policy
§ 8-242a Establishment of subsidiaries by authority
§ 8-243 Definitions
§ 8-244 Connecticut Housing Finance Authority deemed a public instrumentality and political subdivision. Board membership. Subsidiaries
§ 8-244a Commissioner of Economic Development to be member of authority
§ 8-244b Establishment of State Housing Authority
§ 8-244c State Housing Authority to be successor to Connecticut Housing Authority
§ 8-244d Bonds, notes or other obligations
§ 8-244e Definitions. Additional powers and duties of Commissioner of Housing
§ 8-245 State personnel may be board members of authority
§ 8-246 Executive director. Appointment and duties
§ 8-247 Bonds or equivalent insurance product of board members and executive director of authority
§ 8-248 Perpetual succession of authority
§ 8-249 Quorum. Board action. Written procedures
§ 8-250 Purpose and powers of authority
§ 8-251 Purchase, servicing and sale of mortgages or interests therein. Urban area mortgages. Loans for mobile manufactured homes
§ 8-252 Issuance of bonds by authority
§ 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
§ 8-253 Mortgage loans and insurance of mortgage payments
§ 8-253a Additional loan conditions
§ 8-254 Applications for mortgage insurance
§ 8-254a Tenant selection plans of mortgagors
§ 8-255 Mortgage insurance premiums
§ 8-256 Default by mortgagor and subsequent action
§ 8-257 Mortgages insured by authority to be legal investments. Certificate of title required
§ 8-258 Housing Mortgage Capital Reserve Fund, additional capital reserve funds, Housing Mortgage General Fund and Housing Mortgage Insurance Fund
§ 8-259 State bonds
§ 8-260 Reports to Governor and General Assembly. Audit
§ 8-261 Pledge by state as to limitation or alteration of rights vested in authority
§ 8-262 Interpretation of powers
§ 8-262a Penalty for false statement
§ 8-263 Provisions controlling over inconsistent law
§ 8-265a Land of authority subject to local regulation
§ 8-265b Tax-exempt status of authority. Payment in lieu of taxes
§ 8-265c Discrimination re housing financed by authority barred
§ 8-265d Mortgage assistance for households with incomes below eighty per cent of the area median income
§ 8-265e Annual study of current market rent levels
§ 8-265f Program for use of interest earned on real estate broker escrow or trust accounts for mortgage assistance
§ 8-265g Mortgage assistance for low or moderate income families or persons
§ 8-265h Housing advisory panel
§ 8-265i Reverse annuity mortgage program
§ 8-265o Definitions
§ 8-265p Residential mortgage refinancing guarantee program
§ 8-265q Mortgagee participation
§ 8-265r Eligibility of loans
§ 8-265s Amount of guarantee. Record of payments to honor guarantees. Notification to State Treasurer
§ 8-265t Points. Annual premium
§ 8-265u Termination of loan guarantee
§ 8-265v Written procedures
§ 8-265w Bond issue authorized
§ 8-265bb Contract for state assistance to authority
§ 8-265cc Definitions
§ 8-265dd Emergency mortgage assistance payment program. Emergency lien assistance payments. Foreclosure of eligible mortgage
§ 8-265ee Notice to homeowner of foreclosure. Meeting or conference with mortgagee or consumer credit counseling agency
§ 8-265ff Eligibility for emergency mortgage or lien assistance payments. Application for loan. Disclosure of assets by homeowner. Determination of eligibility by the authority
§ 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
§ 8-265hh Repayment agreement
§ 8-265ii Adoption of procedures
§ 8-265jj Filing of notice of agreement to participate in program with the authority
§ 8-265kk Establishment of component program. Notification to participating homeowners of unavailability of funds
§ 8-265ll Pilot program of revolving loans to developers for rehabilitation of existing housing
§ 8-265mm Pilot program of home purchasing assistance for police officers
§ 8-265nn Pilot program for rehabilitation or refinancing of buildings with five to twenty-five dwelling units
§ 8-265oo Residential mortgage loan refinancing guarantee program
§ 8-265pp Mortgage assistance program for certain teachers
§ 8-265qq Assessment increase deferred for rehabilitated properties
§ 8-265rr Mortgage refinancing program for homeowners with adjustable rate mortgages
§ 8-265ss Homeowner’s Equity Recovery Opportunity loan program
§ 8-265tt Definitions
§ 8-265uu Supplemental collapsing foundation loan program. Claims. Financial institutions. Forms. Standards. Notices
§ 8-265vv Loans
§ 8-265ww Claims by eligible financial institutions. Assignment of guaranteed loans to state. Recordkeeping. Termination of loan guarantees. Maximum amount of claims
§ 8-265xx Memorandum of understanding
§ 8-265yy (Note: This section is effective June 1, 2024.) Mortgage assistance for workforce housing projects

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Terms Used In Connecticut General Statutes > Chapter 134 - Connecticut Housing Finance Authority Act

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Amortization: Paying off a loan by regular installments.
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • another: may extend and be applied to communities, companies, corporations, public or private, limited liability companies, societies and associations. See Connecticut General Statutes 1-1
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appraisal: A determination of property value.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • banks: shall include all incorporated banks. See Connecticut General Statutes 1-1
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Credit report: A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness. Source: OCC
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Dependent: A person dependent for support upon another.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Ex officio: Literally, by virtue of one's office.
  • Fiduciary: A trustee, executor, or administrator.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Forbearance: A means of handling a delinquent loan. A
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Fraud: Intentional deception resulting in injury to another.
  • Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • legislative body: means : (1) As applied to unconsolidated towns, the town meeting. See Connecticut General Statutes 1-1
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Minority leader: See Floor Leaders
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • Oath: A promise to tell the truth.
  • oath: shall include affirmations in cases where by law an affirmation may be used for an oath, and, in like cases, the word "swear" shall include the word "affirm". See Connecticut General Statutes 1-1
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Ordinance: means an enactment under the provisions of section 7-157. See Connecticut General Statutes 1-1
  • 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.
  • Personal property: All property that is not real property.
  • President pro tempore: A constitutionally recognized officer of the Senate who presides over the chamber in the absence of the Vice President. The President Pro Tempore (or, "president for a time") is elected by the Senate and is, by custom, the Senator of the majority party with the longest record of continuous service.
  • Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
  • Quorum: The number of legislators that must be present to do business.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • savings banks: shall include savings banks, societies for savings and savings societies. See Connecticut General Statutes 1-1
  • Statute: A law passed by a legislature.
  • succeeding: when used by way of reference to any section or sections, mean the section or sections next preceding, next following or next succeeding, unless some other section is expressly designated in such reference. See Connecticut General Statutes 1-1
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
  • Trustee: A person or institution holding and administering property in trust.