Regulations of Connecticut State Agencies
CHFA mortgage loans may be made to finance the acquisition of any unit in the following classes of condominium units:
(a) any unit not part of a conversion condominium, or any unit in a conversion condominium if the building containing any such unit had been vacant for at least one year prior to the date of conversion and the building was substantially rehabilitated in connection with the conversion.
(b) any unit in a condominium converted prior to January 1, 1986;
(c) any unit in a condominium converted on or after January 1, 1986, if the applicant for a CHFA mortgage loan is a tenant seeking to buy the unit that the tenant has rented for at least one year prior to the date of the statutory notice of intent to convert to a condominium and that the tenant will continue to occupy as an owner.
(Effective December 19, 1986)