CT HB05397

Exempts nonprofit housing corporations and their employees from real estate licensing requirements when managing housing projects that receive federal low-income housing tax credits under Section 42 of the Internal Revenue Code.

Expands existing exemptions for nonprofit housing corporations that are tax-exempt under Section 501(c)(3) or manage projects assisted by the federal government under Section 8 of the Housing Act of 1937.

Applies exemption to employees performing duties in the regular course of or incidental to managing such housing projects.

Effective October 1, 2010, amending Connecticut General Statutes Section 20-329.