Stamford, Conn., Code of Ordinances ch. 146 § 146-73
Sources of funding, investments, and limitations on use of fund
Operative Text
A. In addition to such sums as may be appropriated by the City for deposit into said Fund, the City is authorized to and shall deposit all monies received by it, from whatever source, for the provision of affordable housing, including fees received pursuant to CGS section 8-2i, Stamford Code sections 146-65 through 146-67 , section 7.4.C.4. of the Stamford Zoning Regulations, and other fees, monetary gifts, grants and loans, unless otherwise restricted, into said Fund. B. Said Fund shall be in the custody of the Office of Administration. All or any part of the monies in said Trust may be invested in any securities in which public funds may be lawfully invested. All income derived from such investment shall be placed into the Trust and become a part thereof. The monies so invested shall at all times be subject to withdrawal for use as hereinafter set forth. C. No sums contained in said Trust, including interest and dividends earned, shall be transferred to any other account within the City budget. Any applicant who has paid a fee pursuant to section 7.4.D.3 of the Stamford Zoning Regulations shall not be eligible to apply for funds from the Trust for the same project. No expenditures shall be made from said Fund except in accordance with the provisions of this ordinance.
Section 146-73 of the Stamford Code of Ordinances establishes how the City's Affordable Housing Trust Fund is funded, managed, and restricted. The Fund collects money from a variety of sources—including city appropriations, developer fees, grants, gifts, and loans tied to affordable housing—and places it under the custody of the Office of Administration, where it may be invested in lawfully permitted securities. Earnings from those investments stay within the Fund, and the provision strictly prohibits transferring any Fund money to other city budget accounts or spending it outside the ordinance's terms.
Plain English — not legal advice.
Developers and property owners operating under Stamford Code ch. 146 § 146-73 should be aware that fees paid under section 7.4.D.3 of the Stamford Zoning Regulations create an eligibility restriction: a project that has already paid such a fee cannot later seek funding from the same Trust. Compliant operators generally track which fees have been submitted and to which regulatory programs, since that payment history directly affects future access to Trust resources. Keeping clear records of all fee payments made under the referenced code sections helps ensure accurate eligibility determinations.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Section 146-73 of the Stamford Code of Ordinances governs the Affordable Housing Trust Fund that supports affordable housing initiatives in Stamford, which can affect the availability of affordable units and related programs in the community. Tenants interested in how these funds are allocated or whether the Fund is being used in accordance with the ordinance may direct inquiries to the Office of Administration, which holds custody of the Fund. Tenant-rights organizations familiar with Stamford's affordable housing framework can help residents understand how this provision connects to broader housing access and affordability efforts.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated November 11, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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