Sec. 8-68g. Developer's fees charged by eligible developers. - Connecticut Statutes

      Sec. 8-68g. Developer's fees charged by eligible developers. The Commissioner of Economic and Community Development may, in accordance with regulations adopted in accordance with chapter 54, permit any eligible developer to charge a developer's fee in connection with the construction, renovation or rehabilitation of low and moderate income housing for which the eligible developer applies to the commissioner for state financial assistance under any program administered by the commissioner. Notwithstanding the provisions of this section or any regulations adopted thereunder, the developer's fee charged by a community housing development corporation for a project pursuant to subsection (b) of section 8-218 shall be ten per cent of the cost of the project except that the commissioner, in his discretion, may authorize, by regulations, a fee in excess of such amount.

      (P.A. 89-300, S. 1, 3; P.A. 95-250, S. 1; 95-296, S. 2, 5; P.A. 96-211, S. 1, 5, 6.)

      History: P.A. 95-250 and P.A. 96-211 replaced Commissioner and Department of Housing with Commissioner and Department of Economic and Community Development; P.A. 95-296 added provision establishing amount of developer's fee charged by a community housing development corporation, effective July 6, 1995, and applicable to applications pending on said date or filed on and after said date.