CT SB00151

Repeals and replaces Section 8-119h to clarify that the Commissioner of Housing may contract with authorities, municipal developers, nonprofit corporations, or housing partnerships for state financial assistance in congregate housing projects through capital grants, interim loans, permanent loans, deferred loans, or combinations thereof.

Allows loan contracts to convert remaining balances to capital grants or decreased loans if federal housing assistance funds terminate before full repayment, and permits renegotiation of prior assistance contracts to provide increased loans in place of capital grants with mutual consent.

Specifies that state loans shall bear interest at rates determined under Section 3-20(t) and allows authorities and nonprofit corporations to contract for project operation subject to Commissioner approval.

Amends Section 8-119j to clarify that congregate housing programs may be converted to "housing projects" under Section 8-113a if appropriations become unavailable, subject to all provisions of Part VI of the housing statutes.

Both sections take effect October 1, 2016.