24 | | - | Section 1. (NEW) (Effective October 1, 2019) No person who has 1 |
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25 | | - | entered into a contract with the state on or after October 1, 2019, 2 |
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26 | | - | through the Commissioner of Housing, for state financial assistance in 3 |
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27 | | - | the form of a state grant-in-aid, loan, deferred loan, loan guarantee or 4 |
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28 | | - | interest subsidy for the construction, rehabilitation or renovation of a 5 |
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29 | | - | multifamily dwelling may increase the rental price of any unit in such 6 |
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30 | | - | dwelling, during the term of such contract, by more than the rate of 7 |
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31 | | - | inflation for the previous calendar year, as determined by the 8 |
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32 | | - | consumer price index. After the expiration of the contract, such person 9 |
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33 | | - | shall not increase the rental price of any unit in the dwelling by more 10 |
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34 | | - | than ten per cent per year, provided such unit is continuously 11 |
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35 | | - | occupied by the same tenant. 12 |
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36 | | - | This act shall take effect as follows and shall amend the following |
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37 | | - | sections: |
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38 | | - | |
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39 | | - | Section 1 October 1, 2019 New section |
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40 | | - | Committee Bill No. 6080 |
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41 | | - | |
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42 | | - | |
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43 | | - | LCO No. 3482 2 of 2 |
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44 | | - | |
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45 | | - | |
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| 22 | + | That the general statutes be amended to stabilize the rental prices of 1 |
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| 23 | + | formerly subsidized rental properties. 2 |
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47 | | - | To limit rent increases by property owners who have received or are |
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48 | | - | receiving state financial assistance for the construction, rehabilitation |
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49 | | - | or renovation of a multifamily dwelling. |
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50 | | - | [Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, |
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51 | | - | except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is |
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52 | | - | not underlined.] |
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53 | | - | |
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54 | | - | Co-Sponsors: REP. MILLER P., 145th Dist. |
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55 | | - | |
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56 | | - | H.B. 6080 |
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57 | | - | |
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58 | | - | |
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| 25 | + | To stabilize rental prices of formerly subsidized rental properties. |
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