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CHFA Reports Connecticut’s Rental Security Deposit Interest Rate for 2009

Date Posted: Tuesday, January 06, 2009
 

All Local Housing Authorities and Owners, Sponsors of Elderly, Congregate, Moderate Rental, Moderate Rental Developers, Mutual Housing, Affordable Housing Programs and Management Companies Please Take Notice

The State of Connecticut Department of Banking, in accordance with Connecticut General Statutes, has announced the Rental Security Deposit Interest Rate of 1.5% for the period commencing January 1, 2009 and ending December 31, 2009.

The current and historical rates are available on the State of Connecticut Department of Banking’s website at http://www.ct.gov/dob/cwp/view.asp?a=2247&q=299048.

HUD Handbook 4350.3 Update: The rate for determining imputed income remains at 2.00%.