CT HB05382

Exempts nonprofit housing corporations certified as tax-exempt under Internal Revenue Code Section 501(c)(3) from real estate licensing requirements when managing housing projects.

Extends exemption to nonprofit housing corporations managing projects assisted by the federal government under Section 8 of the United States Housing Act of 1937.

Adds exemption for nonprofit housing corporations managing housing projects receiving low-income housing tax credits under Internal Revenue Code Section 42.

Applies exemption to employees of qualifying nonprofit housing corporations performing duties in the regular course of managing such housing projects.

Takes effect October 1, 2010.