Connecticut § 8-265nn - Pilot program for rehabilitation or refinancing of buildings with five to twenty-five dwelling units.
Full text of Connecticut Connecticut General Statutes § 8-265nn — Pilot program for rehabilitation or refinancing of buildings with five to twenty-five dwelling units., with citation guidance and answers to common questions.
§ 8-265nn. Pilot program for rehabilitation or refinancing of buildings with five to twenty-five dwelling units.
Sec. 8-265nn. Pilot program for rehabilitation or refinancing of buildings with five to twenty-five dwelling units. (a) The Connecticut Housing Finance Authority shall develop, in conjunction with private lenders and the Federal National Mortgage Association, a two-year pilot program to guarantee loans by approved lenders for the rehabilitation or refinancing of buildings with five to twenty-five dwelling units. The authority may fix a fee for the payment of any administrative cost incurred under the provisions of this section. Such fee may be computed as a percentage of the principal of the mortgage outstanding at the beginning of each mortgage year, but shall not be more than one-quarter of one per cent per year of such principal amount. The amount of such fee need not be uniform for all insured loans. Such fee shall be payable by mortgagors or mortgagees in such manner as prescribed by the authority. Such guarantees shall insure the lender against loss not to exceed twenty per cent of the principal due at the time of default.
(b) The authority shall adopt written procedures in accordance with the provisions of section 1-121 for the application and distribution of loans under this section.
(P.A. 97-307, S. 1, 4.)
History: P.A. 97-307 effective July 1, 1997.
Source: official Connecticut text · Last verified 2026-08-27
Frequently Asked Questions About Connecticut § 8-265nn
What does Connecticut General Statutes § 8-265nn cover?
Section 8-265nn ("Pilot program for rehabilitation or refinancing of buildings with five to twenty-five dwelling units.") is part of the Connecticut General Statutes, the codified statutory law of Connecticut. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Connecticut § 8-265nn?
A common citation format is "Connecticut General Statutes § 8-265nn" (Connecticut). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Connecticut law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Connecticut official source linked on this page or consult a licensed Connecticut attorney.
How does Connecticut § 8-265nn apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Connecticut can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Connecticut.