| 14 | | - | Section 1. Subsection (a) of section 8-395 of the 2024 supplement to |
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| 15 | | - | the general statutes, as amended by section 30 of public act 23-207, is |
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| 16 | | - | repealed and the following is substituted in lieu thereof (Effective June 1, |
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| 17 | | - | 2024): |
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| 18 | | - | (a) As used in this section, (1) "business firm" means (A) any business |
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| 19 | | - | entity authorized to do business in the state and subject to the |
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| 20 | | - | corporation business tax imposed under chapter 208, [or] (B) any |
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| 21 | | - | company subject to a tax imposed under chapter 207, [or] (C) any air |
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| 22 | | - | carrier subject to the air carriers tax imposed under chapter 209, [or] (D) |
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| 23 | | - | any railroad company subject to the railroad companies tax imposed |
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| 24 | | - | under chapter 210, [or] (E) any regulated telecommunications service, |
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| 25 | | - | express, cable or community antenna television company subject to the |
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| 26 | | - | regulated telecommunications service, express, cable and community |
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| 27 | | - | antenna television companies tax imposed under chapter 211, or (F) any |
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| 28 | | - | utility company subject to the utility companies tax imposed under |
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| 29 | | - | chapter 212, (2) "nonprofit corporation" means a nonprofit corporation |
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| 30 | | - | incorporated pursuant to chapter 602 or any predecessor statutes |
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| 31 | | - | thereto, having as one of its purposes the construction, rehabilitation, Substitute House Bill No. 5153 |
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| 17 | + | Section 1. Subsection (a) of section 8-395 of the 2024 supplement to 1 |
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| 18 | + | the general statutes, as amended by section 30 of public act 23-207, is 2 |
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| 19 | + | repealed and the following is substituted in lieu thereof (Effective from 3 |
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| 20 | + | passage): 4 |
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| 21 | + | (a) As used in this section, (1) "business firm" means (A) any business 5 |
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| 22 | + | entity authorized to do business in the state and subject to the 6 |
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| 23 | + | corporation business tax imposed under chapter 208, [or] (B) any 7 |
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| 24 | + | company subject to a tax imposed under chapter 207, [or] (C) any air 8 |
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| 25 | + | carrier subject to the air carriers tax imposed under chapter 209, [or] (D) 9 |
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| 26 | + | any railroad company subject to the railroad companies tax imposed 10 |
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| 27 | + | under chapter 210, [or] (E) any regulated telecommunications service, 11 |
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| 28 | + | express, cable or community antenna television company subject to the 12 |
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| 29 | + | regulated telecommunications service, express, cable and community 13 |
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| 30 | + | antenna television companies tax imposed under chapter 211, or (F) any 14 |
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| 31 | + | utility company subject to the utility companies tax imposed under 15 |
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| 32 | + | chapter 212, (2) "nonprofit corporation" means a nonprofit corporation 16 |
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| 33 | + | incorporated pursuant to chapter 602 or any predecessor statutes 17 |
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| 34 | + | thereto, having as one of its purposes the construction, rehabilitation, 18 |
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| 35 | + | ownership or operation of housing and having articles of incorporation 19 Substitute Bill No. 5153 |
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| 35 | | - | ownership or operation of housing and having articles of incorporation |
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| 36 | | - | approved by the executive director of the Connecticut Housing Finance |
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| 37 | | - | Authority in accordance with regulations adopted pursuant to section |
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| 38 | | - | 8-79a or 8-84, (3) "workforce housing development project" or "project" |
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| 39 | | - | means the construction or substantial rehabilitation of dwelling units for |
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| 40 | | - | rental housing where (A) ten per cent of the units are affordable |
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| 41 | | - | housing, (B) [forty] fifty per cent of the units are rented to the workforce |
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| 42 | | - | population designated by the developer, in consultation with the |
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| 43 | | - | municipality where such project is located, and (C) [fifty] forty per cent |
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| 44 | | - | of the units are rented at a market rate and includes, but is not limited |
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| 45 | | - | to, an eligible workforce housing opportunity development project, as |
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| 46 | | - | defined in section 8-395a, as amended by this act, (4) "affordable |
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| 47 | | - | housing" means rental housing for which persons and families pay |
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| 48 | | - | thirty per cent or less of their annual income, where such income is less |
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| 49 | | - | than or equal to the area median income for the municipality in which |
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| 50 | | - | such housing is located, as determined by the United States Department |
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| 51 | | - | of Housing and Urban Development, (5) "substantial rehabilitation" |
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| 52 | | - | means either (A) the costs of any repair, replacement or improvement to |
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| 53 | | - | a building that exceeds twenty-five per cent of the value of such |
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| 54 | | - | building after the completion of all such repairs, replacements or |
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| 55 | | - | improvements, or (B) the replacement of two or more of the following: |
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| 56 | | - | (i) Roof structures, (ii) ceilings, (iii) wall or floor structures, (iv) |
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| 57 | | - | foundations, (v) plumbing systems, (vi) heating and air conditioning |
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| 58 | | - | systems, or (vii) electrical systems, and (6) "market rate" means the |
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| 59 | | - | rental income that such unit would most probably command on the |
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| 60 | | - | open market as indicated by present rentals being paid for comparable |
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| 61 | | - | space in the area where the unit is located. |
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| 62 | | - | Sec. 2. Subsection (e) of section 8-395a of the 2024 supplement to the |
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| 63 | | - | general statutes is repealed and the following is substituted in lieu |
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| 64 | | - | thereof (Effective June 1, 2024): |
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| 65 | | - | (e) The developer shall obtain the approval of the zoning commission, Substitute House Bill No. 5153 |
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| 38 | + | LCO {\\PRDFS1\HCOUSERS\BARRYJN\WS\2024HB-05153- |
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| 39 | + | R01-HB.docx } |
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| 40 | + | 2 of 3 |
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| 67 | | - | Public Act No. 24-86 3 of 3 |
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| 42 | + | approved by the executive director of the Connecticut Housing Finance 20 |
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| 43 | + | Authority in accordance with regulations adopted pursuant to section 21 |
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| 44 | + | 8-79a or 8-84, (3) "workforce housing development project" or "project" 22 |
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| 45 | + | means the construction or substantial rehabilitation of dwelling units for 23 |
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| 46 | + | rental housing where (A) ten per cent of the units are affordable 24 |
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| 47 | + | housing, (B) [forty] fifty per cent of the units are rented to the workforce 25 |
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| 48 | + | population designated by the developer, in consultation with the 26 |
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| 49 | + | municipality where such project is located, and (C) [fifty] forty per cent 27 |
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| 50 | + | of the units are rented at a market rate and includes, but is not limited 28 |
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| 51 | + | to, an eligible workforce housing opportunity development project, as 29 |
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| 52 | + | defined in section 8-395a, (4) "affordable housing" means rental housing 30 |
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| 53 | + | for which persons and families pay thirty per cent or less of their annual 31 |
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| 54 | + | income, where such income is less than or equal to the area median 32 |
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| 55 | + | income for the municipality in which such housing is located, as 33 |
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| 56 | + | determined by the United States Department of Housing and Urban 34 |
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| 57 | + | Development, (5) "substantial rehabilitation" means either (A) the costs 35 |
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| 58 | + | of any repair, replacement or improvement to a building that exceeds 36 |
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| 59 | + | twenty-five per cent of the value of such building after the completion 37 |
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| 60 | + | of all such repairs, replacements or improvements, or (B) the 38 |
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| 61 | + | replacement of two or more of the following: (i) Roof structures, (ii) 39 |
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| 62 | + | ceilings, (iii) wall or floor structures, (iv) foundations, (v) plumbing 40 |
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| 63 | + | systems, (vi) heating and air conditioning systems, or (vii) electrical 41 |
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| 64 | + | systems, and (6) "market rate" means the rental income that such unit 42 |
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| 65 | + | would most probably command on the open market as indicated by 43 |
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| 66 | + | present rentals being paid for comparable space in the area where the 44 |
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| 67 | + | unit is located. 45 |
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| 68 | + | This act shall take effect as follows and shall amend the following |
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| 69 | + | sections: |
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| 69 | | - | as defined in section 8-13m, of the municipality and of any other |
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| 70 | | - | applicable municipal agency for the proposed workforce housing |
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| 71 | | - | opportunity development project. After all such approvals are granted, |
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| 72 | | - | the municipality may, not later than thirty days after such approval, by |
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| 73 | | - | vote of its legislative body or, in a municipality where the legislative |
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| 74 | | - | body is a town meeting, by vote of the board of selectmen, designate the |
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| 75 | | - | workforce population that [forty] fifty per cent of the project shall be |
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| 76 | | - | dedicated to. Such designation may include volunteer firefighters, |
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| 77 | | - | teachers, police officers, emergency medical personnel or other |
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| 78 | | - | professions of persons working in the municipality. If the municipality |
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| 79 | | - | does not vote within such time period, the developer shall designate the |
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| 80 | | - | workforce population. |
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| 71 | + | Section 1 from passage 8-395(a) |
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| 72 | + | |
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| 73 | + | Statement of Legislative Commissioners: |
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| 74 | + | In Subsec. (a)(1), references to "or" were bracketed and Subpara. |
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| 75 | + | designators were added for consistency with standard drafting |
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| 76 | + | conventions. Substitute Bill No. 5153 |
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| 77 | + | |
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| 78 | + | |
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| 79 | + | LCO {\\PRDFS1\HCOUSERS\BARRYJN\WS\2024HB-05153- |
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| 80 | + | R01-HB.docx } |
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| 81 | + | 3 of 3 |
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| 82 | + | |
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| 83 | + | |
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| 84 | + | HSG Joint Favorable Subst. -LCO |
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