R.C.S.A. § 8-248E-21
Maximum number of units financed (Repealed)
Cite as Conn. Agencies Regs. § 8-248E-21
Upon approval of a multi-unit complex (such as a condominium, a planned unit development,
etc.), CHFA will determine the number of units that will be eligible for CHFA mortgage
loans. CHFA shall not hold CHFA mortgage loans on more than fifty (50) percent of
the units in any multi-unit complex, and at least fifty (50) percent of the units
shall be sold or under bona fide contract of sale prior to CHFA's purchase of any
CHFA mortgage loan on a unit, unless otherwise approved by resolution at a regular
or special meeting.