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CT SB00845
Bill
Status
Passed
5/28/2013
Primary Sponsor
Donald Williams
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AI Summary
- Increases the Connecticut Housing Authority's aggregate limit for uninsured or unguaranteed mortgages, mortgage-backed securities, and participation sale certificates from $1.5 billion to $2.25 billion
- Authorizes the housing authority to purchase and sell mortgages, make direct loans, and handle participation sale certificates for housing construction, rehabilitation, purchase, or leasing in Connecticut
- Authorizes the authority to make commitments supporting urban area mortgage financing to encourage balanced community development in urban areas
- Requires the authority to set aside at least $2 million in loans for Connecticut residents purchasing mobile manufactured homes located in manufactured housing communities
- Mobile manufactured home loans shall not require private mortgage insurance and shall accept annual renewable leases for the lot on which the home is located
Legislative Description
An Act Increasing Access To Affordable Housing.
Last Action
Signed by the Governor
6/3/2013
Committee Referrals
Finance, Revenue and Bonding5/1/2013
Housing2/7/2013
Full Bill Text
No bill text available