§ 20-2. Municipal Housing Trust Fund established.

Latest version.

Pursuant to the provisions of C.G.S. §§ 7-148(c)(2)(K) and 7-148(c)(4)(I), there is hereby established a Municipal Housing Trust Fund. Any sums deposited in said fund shall be used to provide for the financing, construction, rehabilitation, repair, improvement or subsidization of housing for low-income and moderate-income persons or families. Notwithstanding the provisions of section 7-9 of the Danbury Municipal Charter, no sums remaining in said fund at the completion of any fiscal year shall lapse but shall remain in said fund until expended or until the Municipal Housing Trust Fund is terminated by action of the City Council.

(Code 1961, § 10-63; Ord. No. 352, 8-4-1987)

                    
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