Conn. Agencies Regs. § 8-367a-3

Current through December 27, 2024

Section 8-367a-3 - Eligibility

To be eligible to participate in this program;

(a)A housing authority must:

(1) Be in good standing with the Department;

(2) Submit a copy of the resolution establishing the housing authority pursuant to Section 8-40 of the Connecticut General Statutes;

(3) Submit a statement from the legal counsel of the municipality that verifies that the housing authority is recognized and continues to be properly constituted by the municipality;

(4) Submit evidence that the project proposed under the application was developed in whole or in part with financial assistance provided by the state or federal government, and

(5) Show the financial stability of the project proposed for management by the Tenant Management Organization through the provision of financial statements of the housing authority.

(b)A nonprofit corporation must:

(1) Be in good standing with the Department;

(2) Certify that it is recognized as a tax exempt organization by the federal or state government;

(3) Submit an endorsed certificate of incorporation certified by the Secretary of the State;

(4) Submit a certificate of good standing certified by the Secretary of the State;

(5) Inform the Department in writing of the corporation's principal place of business;

(6) Submit evidence that the project proposed under the application was developed in whole or in part with financial assistance provided by the state or federal government; and,

(7) Show the financial stability of the project proposed for management by the Tenant Management Organization through the provision of financial statements of the nonprofit corporation or its members.

(c)Other developers must:

(1) Be in good standing with the Department;

(2) Submit copy of its organizational documents to the Department;

(3) Inform the Department, in writing, of the developer's principal place of business;

(4) Submit evidence that the project proposed under the application was developed in whole or in part with financial assistance provided by the state or federal government; and,

(5) Show the financial stability of the project proposed for management by the Tenant Management Organization through the provision of financial statements of the developer's project or projects.

Conn. Agencies Regs. § 8-367a-3

Effective February 25, 1988