Definitions

(a) "Commissioner" means the Commissioner of the Connecticut Department of Housing. (b) "Department" means the Connecticut Department of Housing. (c) "Eligible Low and Moderate Income Persons" means any persons or group of persons whose income fall within limits for family size and geographic location within the state, which have been prescribed by the Commissioner. (d) "Community Housing Development Corporation," hereinafter referred to as the CHDC, means a nonprofit corporation organized pursuant to the requirements of Chapter 600 and Section 8-217 of the Connecticut General Statutes and whose articles of incorporation have been approved by the Commissioner. (e) "Financial Resources" means those funds available to a project sponsored by and/or assisted in part by a CHDC. (f) "Private Sector" means any profit or nonprofit non-governmental entity. (g) "Project" means any residential or predominantly residential building or buildings identified by a CHDC in its application or any amendment thereof, in which, after construction or rehabilitation, all units will be rented and/or sold to eligible low and moderate income persons.