{"data":{"id":"us-ct/conn.-gen.-stat.-8-68j","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 8-68j","heading":"Financially distressed development. Transfer to Connecticut Housing Finance Authority.","body":"(a) As used in this section:\n(1) “Commissioner” means the Commissioner of Housing;\n(2) “Connecticut Housing Finance Authority” means the authority created and operating pursuant to the provisions of chapter 134;\n(3) “Financially distressed development” means a housing development owned by a housing authority and subject to an asset that was transferred from the Department of Housing to the Connecticut Housing Finance Authority pursuant to section 8-37u or subdivision (3) of section 32-11; and\n(4) “Housing authority” means a local housing authority owning a financially distressed development.\n(b) Notwithstanding any provision of the general statutes, a housing authority may, with the approval of the Commissioner of Housing, quit claim or otherwise transfer its interest in a financially distressed development to the Connecticut Housing Finance Authority. The commissioner may grant such approval upon an express finding that: (1) The housing authority is financially unable to maintain the development; (2) there is no reasonable prospect that the housing authority will be able to maintain the property in the future; (3) the housing authority has requested to transfer the development; and (4) the Connecticut Housing Finance Authority is prepared to accept the transfer.","path":["TITLE 8. ZONING, PLANNING, HOUSING AND ECONOMIC AND COMMUNITY DEVELOPMENT","CHAPTER 128*. DEPARTMENT OF HOUSING: MUNICIPAL HOUSING PROJECTS","PART I*. CREATION AND POWERS OF AUTHORITY. GENERAL PROVISIONS. LOW AND MODERATE INCOME RENTAL HOUSING"],"source_url":"https://www.cga.ct.gov/current/pub/chap_128.htm#sec_8-68j","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:06:56Z","sha256":"44ee30a5e78d9764b91682b20f9b6594a2e9cadceece74ccc27e945937c3d2d2","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-8-68i","next":"us-ct/conn.-gen.-stat.-8-68k"},"notice":"GroundRules: Original legal text. Not legal advice."}