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