Sec.8-79a-5. Application and approval procedure (housing authorities)

The following application and approval steps shall apply to all moderate rental housing program projects to be developed by housing authorities:

(a) Invitation to submit a preliminary proposal;

(b) Submission of a preliminary proposal;

(c) Approval of a preliminary proposal by the commissioner;

(d) Submission of a formal application;

(e) A public hearing conducted by the housing authority pursuant to section 8-74 (1), of the Connecticut General Statutes;

(f) Approval of formal application, including preliminary architectural plans and drawings;

(g) Submission by housing authority of basic and final architectural plans and drawings and approval of same by the commissioner;

(h) State bond commission approval of allocation of funds.

(i) Issuance of a loan commitment letter to the housing authority;

(j) Authorization from the commissioner to put the proposed project out to bid; and

(k) Approval by the commissioner of the applicant's proposed methods of financing, the proposed rents, the income limits for admission and continued occupancy, and a detailed estimate of the expenses and revenues pursuant to Section 8-74 (3) of the Connecticut General Statutes.

(Effective April 21, 1986)