CT SB00155

Connecticut Housing Finance Authority must design the Low Income Housing Tax Credit program allocation plan with priority tiers based on opportunity area designations and proposal types

Non-age-restricted feasible proposals in high or very high opportunity areas receive priority consideration for at least 60 percent of available tax credits

Catalytic proposals that are feasible proposals in very low, low, or moderate opportunity areas, including Qualified Census Tracts, receive priority consideration for at least 25 percent of available tax credits

Remaining credits not allocated due to insufficient qualified proposals in designated categories become available to the general applicant pool in the same allocation round

Effective date is October 1, 2016