An Act Imposing A Surcharge On Certain Insurance Policies And Establishing The Healthy Homes Fund.
Impact
The legislation impacts state laws by creating a specific funding source for addressing residential health and safety hazards, as well as providing assistance to homeowners facing structural issues resulting from environmental factors. The proposed uses for the Healthy Homes Fund include grants for homeowners affected by subsidence issues and programs aimed at mitigating health risks related to contaminants in residential properties. This establishes a direct financial mechanism through insurance surcharges to support community housing stability and public health improvements in housing.
Summary
House Bill 05209, titled 'An Act Imposing A Surcharge On Certain Insurance Policies And Establishing The Healthy Homes Fund', introduces a surcharge on homeowners insurance to create a fund dedicated to addressing various housing issues within Connecticut. The bill imposes a $12 surcharge on personal risk insurance policies for dwellings with four or fewer units and condominiums from January 1, 2019, through December 31, 2029. The funds collected will be allocated to the Healthy Homes Fund, aimed at funding initiatives that reduce health and safety hazards in residential properties, as well as support structural repairs for homes affected by subsidence, particularly in designated areas of New Haven and Woodbridge.
Sentiment
The sentiment surrounding HB 05209 appears to be generally positive among supporters, particularly those advocating for improved housing conditions and local community support systems. However, there may be concerns regarding the financial burden on homeowners due to the additional surcharge on insurance policies. The discussion suggests a recognition of the need for targeted funding to address pressing housing issues, balanced by the financial implications for insured individuals.
Contention
Points of contention may arise from discussions about the efficacy and fairness of imposing a surcharge on homeowners insurance. Critics may argue that the surcharge could disproportionately impact low to moderate-income families, complicating their ability to maintain adequate insurance coverage. Additionally, there may be debate about the use of funds collected and whether the administration of the Healthy Homes Fund will effectively address the intended issues within the community, particularly regarding transparency and accountability in fund allocation.
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