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Connecticut Individual Development Account Initiative (IDA)
Housing Trust Fund IDA Regulations

REGULATIONS OF CONNECTICUT
DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT
STATE HOUSING TRUST FUND PROGRAM

The Housing Trust Fund Program, Public Act 05-5, is administered by the DECD and is designed to create affordableIDA Gears Logo housing for low and moderate-income households.

The following section of the Title 8 regulation pertains specifically to Individual Development Accounts as outlined by the Housing Trust Fund Program. The Title 8 Housing Regulations are current through the July 12, 2005 issue of the Connecticut Law Journal. The document in its entirety is available for downloading by clicking on the following link: Title 8 (PDF, 758KB) 

Sec. 8-336q Housing Trust Fund Program 

Sec. 8-336q-5. Individual development accounts

In each fiscal year that the fund has monies available for distribution, the first three hundred thousand dollars shall be set aside in order to provide matching grants to be used solely for funding the purchase of a primary residence by the holder of an individual development account in accordance with the provisions of sections 31-51ww to 31-51eee, inclusive, of the Connecticut General Statutes. Said funds shall be administered by the State Labor Department consistent with the individual development account programs and sections 31-51ddd-1 to 31-51ddd-16, inclusive, of the Regulations of Connecticut State Agencies. 

 

Effective May 5, 2006


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