General Assembly Proposed Bill No. 5969
January Session, 2013 LCO No. 1316
Referred to Committee on PLANNING AND DEVELOPMENT
Introduced by:
REP. LEMAR, 96th Dist. REP. MEGNA, 97th Dist. REP. CANDELARIA, 95th Dist. SEN. HARP, 10th Dist. REP. DILLON, 92nd Dist. REP. WALKER, 93rd Dist. SEN. LOONEY, 11th Dist. REP. HOLDER-WINFIELD, 94th Dist.
General Assembly
Proposed Bill No. 5969
January Session, 2013
LCO No. 1316
Referred to Committee on PLANNING AND DEVELOPMENT
Introduced by:
REP. LEMAR, 96th Dist.
REP. MEGNA, 97th Dist.
REP. CANDELARIA, 95th Dist.
SEN. HARP, 10th Dist.
REP. DILLON, 92nd Dist.
REP. WALKER, 93rd Dist.
SEN. LOONEY, 11th Dist.
REP. HOLDER-WINFIELD, 94th Dist.
AN ACT AUTHORIZING TAX ABATEMENTS IN EXCHANGE FOR THE CREATION OF AFFORDABLE HOUSING UNITS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to authorize municipalities to enter into tax abatement agreements in exchange for a property owner's agreement to preserve a minimum of twenty per cent of all units in a mixed income housing development for families with low or moderate income.
Statement of Purpose:
To assist with the development and preservation of affordable housing.