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General Assembly Raised Bill No. 6962
January Session, 2025
LCO No. 4571
Referred to Committee on PLANNING AND
DEVELOPMENT
Introduced by:
(PD)
AN ACT ESTABLISHING A TASK FORCE TO STUDY THE
REGULATION OF CORPORATE HOUSING ACQUISITIONS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
Section 1. (Effective from passage) (a) There is established a task force 1
to study (1) the impact of the acquisition of residential real property by 2
large corporate entities, including, but not limited to, the impact on 3
housing affordability, rental prices and homeownership opportunities 4
in the state, and (2) policies to limit the number of such properties 5
acquired by such entities or otherwise regulate such acquisitions. 6
(b) The task force shall consist of the following members: 7
(1) Two appointed by the speaker of the House of Representatives; 8
(2) Two appointed by the president pro tempore of the Senate; 9
(3) One appointed by the majority leader of the House of 10
Representatives; 11
(4) One appointed by the majority leader of the Senate; 12 Raised Bill No. 6962
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(5) One appointed by the minority leader of the House of 13
Representatives; 14
(6) One appointed by the minority leader of the Senate; and 15
(7) The Commissioner of Housing, or the commissioner's designee. 16
(c) Any member of the task force appointed under subdivision (1), 17
(2), (3), (4), (5) or (6) of subsection (b) of this section may be a member 18
of the General Assembly. 19
(d) All initial appointments to the task force shall be made not later 20
than thirty days after the effective date of this section. Any vacancy shall 21
be filled by the appointing authority. 22
(e) The speaker of the House of Representatives and the president pro 23
tempore of the Senate shall select the chairpersons of the task force from 24
among the members of the task force. Such chairpersons shall schedule 25
the first meeting of the task force, which shall be held not later than sixty 26
days after the effective date of this section. 27
(f) The administrative staff of the joint standing committee of the 28
General Assembly having cognizance of matters relating to housing 29
shall serve as administrative staff of the task force. 30
(g) Not later than January 1, 2026, the task force shall submit a report 31
on its findings and recommendations to the joint standing committee of 32
the General Assembly having cognizance of matters relating to housing 33
and planning and development, in accordance with the provisions of 34
section 11-4a of the general statutes. The task force shall terminate on 35
the date that it submits such report or January 1, 2026, whichever is later. 36
This act shall take effect as follows and shall amend the following
sections:
Section 1 from passage New section
PD Joint Favorable Raised Bill No. 6962
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