| 1 | 1 | | |
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| 2 | 2 | | |
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| 3 | 3 | | LCO No. 3375 1 of 2 |
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| 4 | 4 | | |
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| 5 | 5 | | General Assembly Proposed Bill No. 6342 |
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| 6 | 6 | | January Session, 2025 |
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| 7 | 7 | | LCO No. 3375 |
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| 8 | 8 | | |
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| 9 | 9 | | |
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| 10 | 10 | | Referred to Committee on HOUSING |
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| 11 | 11 | | |
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| 12 | 12 | | |
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| 13 | 13 | | Introduced by: |
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| 14 | 14 | | REP. GAUTHIER, 38th Dist. |
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| 15 | 15 | | REP. SWEET, 91st Dist. |
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| 16 | 16 | | REP. SHANNON, 117th Dist. |
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| 17 | 17 | | REP. MENAPACE, 37th Dist. |
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| 18 | 18 | | REP. HUGHES, 135th Dist. |
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| 19 | 19 | | |
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| 20 | 20 | | |
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| 21 | 21 | | |
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| 22 | 22 | | |
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| 23 | 23 | | AN ACT ESTABLISHING A HOUSING DEVELOPMENT AUTHORITY |
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| 24 | 24 | | TO PROMOTE PERMANENT AFFORDABLE HOUSING. |
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| 25 | 25 | | Be it enacted by the Senate and House of Representatives in General |
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| 26 | 26 | | Assembly convened: |
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| 27 | 27 | | |
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| 28 | 28 | | That the general statutes be amended to establish a Housing 1 |
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| 29 | 29 | | Development Authority to (1) acquire and develop real estate to create 2 |
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| 30 | 30 | | and maintain a stock of permanent, sustainable affordable housing, 3 |
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| 31 | 31 | | including single and multifamily dwelling units, with robust tenant 4 |
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| 32 | 32 | | protection, (2) develop a stock of permanently affordable, quality, 5 |
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| 33 | 33 | | publicly financed and climate-resilient housing that is shielded from 6 |
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| 34 | 34 | | market speculation, (3) finance real estate acquisition or convey 7 |
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| 35 | 35 | | residential property to public housing authorities, nonprofit entities, 8 |
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| 36 | 36 | | common interest communities, local government and community land 9 |
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| 37 | 37 | | trusts, (4) cap rents for units financed under this section at twenty-five 10 |
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| 38 | 38 | | per cent of a household's adjusted gross income with a maximum of a 11 |
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| 39 | 39 | | three per cent increase per year, (5) ensure permanently affordable 12 Proposed Bill No. 6342 |
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| 40 | 40 | | |
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| 41 | 41 | | |
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| 42 | 42 | | LCO No. 3375 2 of 2 |
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| 43 | 43 | | |
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| 44 | 44 | | social housing, (6) allow individuals to purchase homes under shared 13 |
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| 45 | 45 | | equity models and provide relief to mortgage borrowers at risk of 14 |
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| 46 | 46 | | foreclosure due to market instability or economic distress, and (7) 15 |
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| 47 | 47 | | provide groups of tenants first right of refusal to purchase their 16 |
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| 48 | 48 | | property. 17 |
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| 49 | 49 | | Statement of Purpose: |
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| 50 | 50 | | To establish a Housing Development Authority to promote permanent |
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| 51 | 51 | | affordable housing. |
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