The Community Investment Act will provide up to $5 million annually to the CT Housing Finance Authority to provide support for:
- Developing single family mortgage programs that will increase home ownership opportunities in targeted urban areas where the home ownership rate is less than 50%.
- Creating a predevelopment loan program to assist non-profit developers to pay for costs associated with the preliminary planning and design of affordable housing.
- Developing a pilot program to provide technical assistance to help suburban and rural communities with the development of appropriate affordable housing.
- Funding the Housing Authority Tenants Special Opportunities Families Fund (HATS-OFF), which will help public housing authorities take steps to improve the living environment for their tenants.
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