Sec. 8-395a. Workforce housing opportunity development projects. (a) As used in this section:
(1) “Commissioner” means the Commissioner of Housing.
(2) “Eligible workforce housing opportunity development project” or “project” means a project for the construction or substantial rehabilitation of rental housing (A) located within an opportunity zone in this state, (B) designated under subsection (e) of this section for certain professions that work within the municipality in which the project is located and for very low income families and individuals, and (C) that may incorporate renewable energy technology and be transit-oriented.
(3) “Substantial rehabilitation” means either (A) the costs of any repair, replacement or improvement to a building that exceeds twenty-five per cent of the value of such building after the completion of all such repairs, replacements or improvements, or (B) the replacement of two or more of the following: (i) Roof structures, (ii) ceilings, (iii) wall or floor structures, (iv) foundations, (v) plumbing systems, (vi) heating and air conditioning systems, or (vii) electrical systems.
(4) “Opportunity zone” means an area designated as a qualified opportunity zone pursuant to the Tax Cuts and Jobs Act of 2017, P.L. 115-97, as amended from time to time.