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CT HB05430
Bill
Status
Introduced
1/18/2013
Primary Sponsor
Terrie Wood
Click for details
AI Summary
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Amends section 8-30g of the general statutes to extend the affordability requirement for set-aside housing units from 40 years to perpetuity.
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Removes the sunset provision that allowed deed restrictions on affordable housing units to expire after 40 years.
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Requires affordable housing units in set-aside developments to remain affordable permanently rather than reverting to market-rate housing.
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Strengthens Connecticut's affordable housing law by extending the duration of affordability protections indefinitely.
Legislative Description
An Act Concerning The Affordability Term For Affordable Housing Units.
Last Action
Public Hearing 02/14
2/7/2013
Committee Referrals
Housing1/18/2013
Full Bill Text
No bill text available