Connecticut 2025 Regular Session

Connecticut Senate Bill SB00442 Compare Versions

Only one version of the bill is available at this time.
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33 LCO No. 815 1 of 1
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55 General Assembly Proposed Bill No. 442
66 January Session, 2025
77 LCO No. 815
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1010 Referred to Committee on HOUSING
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1313 Introduced by:
1414 SEN. ANWAR, 3rd Dist.
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1818 AN ACT CONCERNING ACCESS TO HOMEOWNERSHIP AND
1919 REGULATION OF CORPORATE OWNERSHIP OF RESIDENTIAL
2020 PROPERTY.
2121 Be it enacted by the Senate and House of Representatives in General
2222 Assembly convened:
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2424 That the general statutes be amended to: (1) Prohibit out-of-state 1
2525 hedge funds from purchasing single-family dwelling units; (2) mandate 2
2626 separate bidding for large investors and individual buyers at a 3
2727 foreclosure auction; (3) promote community-based housing solutions by 4
2828 encouraging each municipality to expand funding for community land 5
2929 trusts and housing cooperatives; (4) require private equity firms and 6
3030 large investors to disclose detailed information on property ownership; 7
3131 and (5) cap the number of single-family dwelling units that can be 8
3232 owned by a corporate entity. 9
3333 Statement of Purpose:
3434 To increase access to affordable homeownership and regulate corporate
3535 ownership of residential properties.