Section 8-219d-4 - Application process(a) The Commissioner may solicit or accept applications for financial assistance from nonprofit corporations.(b) As part of the application and approval process, the nonprofit corporation shall be required, at minimum, to furnish the following: (1) a copy of the nonprofit corporation's operating budget listing all revenue by source as well as expenses to be supported by the proposed grant;(2) a description and timetable of the nonprofit corporation's present and projected activities involving the development and rehabilitation of housing for low and moderate income families and the elderly;(3) a plan identifying the number of dwelling units for low and moderate income families and the elderly which will be under development or rehabilitation during the period for which the financial assistance is requested, including the projected completion dates of such units;(4) evidence of the status of proposals to finance the development or rehabilitation of dwelling units during the period for which the financial assistance is requested; and,(5) the Commissioner may, from time to time, request additional information of the nonprofit corporation.(c) Applications shall be accepted or rejected by the Commissioner based on factors listed in Section 4 (b), the availability of financial assistance, and the following: (1) any needs outlined in the Department's Five Year Housing Advisory Plan,(2) the apparent capability of the nonprofit corporation to plan, develop and manage housing projects;(3) the impact that the grant will have on the housing needs of low and moderate income persons; and(4) the availability of matching funds, if appropriate.Conn. Agencies Regs. § 8-219d-4
Effective December 17, 1987