Section 8-119t-5 - Application process(a) The Commissioner may solicit or accept applications for financial assistance from eligible statewide nonprofit housing development corporations.(b) As part of the application and approval process, the statewide nonprofit housing development corporation shall be required to furnish the following:(1) Certification of the nonprofit corporation's eligibility, as defined in Section 8-119t-2 of the regulations of Connecticut State Agencies;(2) A copy of the nonprofit housing development corporation's budget listing all revenue by source, as well as expenses to be supported by the proposed grant; and(3) A description and timetable of the nonprofit corporation's present and projected activities involving the project to be undertaken.(c) Applications shall be evaluated and approved or rejected by the Commissioner based on the following rating and ranking criteria: (1) Sponsor Capacity - Maximum 60 points Includes but is not limited to: the nonprofit corporation's past performance in developing, completing, or managing, affordable independent living housing developments; its past performance under other Department of Housing or Connecticut Housing Finance Authority programs; its administrative and financial capacity; and leveraging of other federal or state funds.
(2) Project Capacity - Maximum 40 points Includes but is not limited to: conformance with any needs identified in the State's Comprehensive Housing Affordability Strategy.
(d) The minimum threshold points that an applicant shall have to be considered for funding is fifty (50). Funding shall be provided based on the highest ranking and working downward until applications requesting financial assistance equal the amount of funds available. If more than one application receives the same score the remaining available funds shall be equally divided between or among the applicants.(d) The Commissioner may, from time to time, request additional information from the statewide nonprofit housing development corporation.Conn. Agencies Regs. § 8-119t-5
Effective February 9, 1996