Sec.8-216b-3. Eligibility

(a) A housing site development agency shall:

(1) Be in good standing with the Department of Housing; and

(2) Be designated by ordinance of the legislative body of the municipality for the purpose of carrying out housing and community development projects.

(b) A nonprofit corporation shall:

(1) Submit an endorsed certificate of incorporation certified by the Secretary of the State; which includes the articles of incorporation.

(2) Submit a certificate of good standing certified by the Secretary of the State; and

(3) Inform the Department, in writing, of the corporation's principal place of business.

(c) Both housing site development agencies and nonprofit corporations shall:

(1) Submit a list of any housing project(s) which they have developed, owned or managed;

(2) Submit a statement authorizing the Commissioner to apply for a credit report from any appropriate credit reporting agency covering the developer for consideration in determining the financial capability of the developer.

(Effective June 26, 1989)