CT HB06142

Removes the one-year residency requirement for security deposit returns in age-restricted public housing for senior citizens and disabled persons, requiring deposits to be returned with interest upon termination of tenancy instead.

Replaces the fixed interest rates (4% or 5.25% per annum) with interest calculated according to section 47a-21 provisions.

Allows housing authorities and corporations to permit security deposit payments in equal installments over at least 12 months that align with tenant income levels.

Permits housing authorities to waive security deposits entirely or extend installment payment periods beyond 12 months.

Effective October 1, 2015, applying only to tenants who first occupy the housing on or after that date.