Old | New | Differences | |
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1 | 1 | ||
2 | 2 | ||
3 | 3 | LCO No. 815 1 of 1 | |
4 | 4 | ||
5 | 5 | General Assembly Proposed Bill No. 442 | |
6 | 6 | January Session, 2025 | |
7 | 7 | LCO No. 815 | |
8 | 8 | ||
9 | 9 | ||
10 | 10 | Referred to Committee on HOUSING | |
11 | 11 | ||
12 | 12 | ||
13 | 13 | Introduced by: | |
14 | 14 | SEN. ANWAR, 3rd Dist. | |
15 | 15 | ||
16 | 16 | ||
17 | 17 | ||
18 | 18 | AN ACT CONCERNING ACCESS TO HOMEOWNERSHIP AND | |
19 | 19 | REGULATION OF CORPORATE OWNERSHIP OF RESIDENTIAL | |
20 | 20 | PROPERTY. | |
21 | 21 | Be it enacted by the Senate and House of Representatives in General | |
22 | 22 | Assembly convened: | |
23 | 23 | ||
24 | 24 | That the general statutes be amended to: (1) Prohibit out-of-state 1 | |
25 | 25 | hedge funds from purchasing single-family dwelling units; (2) mandate 2 | |
26 | 26 | separate bidding for large investors and individual buyers at a 3 | |
27 | 27 | foreclosure auction; (3) promote community-based housing solutions by 4 | |
28 | 28 | encouraging each municipality to expand funding for community land 5 | |
29 | 29 | trusts and housing cooperatives; (4) require private equity firms and 6 | |
30 | 30 | large investors to disclose detailed information on property ownership; 7 | |
31 | 31 | and (5) cap the number of single-family dwelling units that can be 8 | |
32 | 32 | owned by a corporate entity. 9 | |
33 | 33 | Statement of Purpose: | |
34 | 34 | To increase access to affordable homeownership and regulate corporate | |
35 | 35 | ownership of residential properties. |