CT HB05398

Appropriates $5 million to the Department of Housing for the Connecticut Housing Investment Fund to administer the aging in place loan program: $1 million in fiscal year 2017, $2 million in fiscal year 2018, and $2 million in fiscal year 2019.

Appropriates $3 million to the Department of Housing for loan loss guarantees to community housing development corporations: $1 million annually in fiscal years 2017, 2018, and 2019, distributed after a merger of such corporations.

Appropriates an unspecified dollar amount to the Department of Housing for fiscal year 2017 to deposit into the Rental Housing Revolving Loan Fund for providing low interest loans.

All appropriations are from the General Fund and become effective July 1, 2016.