2005 Connecticut Code - Sec. 8-434. Inclusion in housing developments of units for very low, low, and moderate income families and market-rate housing units.
Sec. 8-434. Inclusion in housing developments of units for very low, low, and
moderate income families and market-rate housing units. Housing developments
that receive financial assistance pursuant to section 8-433, to the extent determined by
the commissioner to be feasible, in the best interest of the state and consistent with the
state's programmatic intent, may contain a minimum number of units for very low, low,
and moderate income families, including those at or below twenty-five per cent of the
area median income. Upon approval of the commissioner pursuant to subsection (d)
of section 8-433, such housing developments may include market-rate housing units.
Housing developments that receive financial assistance pursuant to said section 8-433
may include any combination of rental units, quasi-ownership units and ownership units,
as approved by the commissioner.
History: P.A. 93-309 effective July 1, 1993.