Connecticut Administrative Code
Title 8 - Zoning, Planning, Housing, Economic and Community Development
214d - Land Bank/Land Trust Fund
Section 8-214d-5 - Eligibility
Current through September 9, 2024
To be eligible for a grant under this program, a nonprofit corporation shall:
(1) Certify that it is recognized by the federal or state government as a tax exempt organization, if applicable;
(2) Submit an endorsed certificate of incorporation certified by the Secretary of the State which states that the nonprofit corporation has, as one of its purposes, the construction, rehabilitation, ownership or operation of low and moderate income family housing;
(3) Submit a certificate of good standing certified by the Secretary of the State;
(4) Inform the Department, in writing, of the corporation's principal place of business;
(5) Demonstrate the ability to undertake the development of the project through the provision of financial statements of the nonprofit corporation;
(6) Submit a list of any housing project(s) developed, owned or managed by the nonprofit corporation;
(7) Submit names, addresses and telephone numbers of its current directors or officers and statutory agent for service; and
(8) Submit a statement authorizing the Commissioner to apply for a credit report from any appropriate credit reporting agency covering the nonprofit corporation for consideration in determining the financial capability of the nonprofit corporation.
