The following application and approval steps shall apply to all moderate rental housing program projects to be developed by housing authorities:

1. (a) Invitation to submit a preliminary proposal;
2. (b) Submission of a preliminary proposal;
3. (c) Approval of a preliminary proposal by the commissioner;
4. (d) Submission of a formal application;
5. (e) A public hearing conducted by the housing authority pursuant to section 8-74 (1), of the Connecticut General Statutes;
6. (f) Approval of formal application, including preliminary architectural plans and drawings;
7. (g) Submission by housing authority of basic and final architectural plans and drawings and approval of same by the commissioner;
8. (h) State bond commission approval of allocation of funds.
9. (i) Issuance of a loan commitment letter to the housing authority;
10. (j) Authorization from the commissioner to put the proposed project out to bid; and
11. (k) Approval by the commissioner of the applicant's proposed methods of financing, the proposed rents, the income limits for admission and continued occupancy, and a detailed estimate of the expenses and revenues pursuant to Section 8-74 (3) of the Connecticut General Statutes.

(Effective April 21, 1986)