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CT SB01084

Bill

Status

Introduced

2/23/2023

Primary Sponsor

Banking Committee

Click for details

Origin

Senate

2023 General Assembly

AI Summary

  • Requires minimum two resident meetings outlining development and relocation before board approval of projects with existing residents, with tenants receiving the "Connecticut Housing Finance Authority Tenants' Guide to Section 42 Low-Income Housing Tax Credit" at the first meeting

  • Mandates all low-income housing tax credit program relocations comply with the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970

  • Requires all leases include statement protecting tenants from eviction without good cause, defined as material lease violations such as nonpayment of rent, property damage, rule violations, tenant interference, or fraud

  • Establishes developer qualifications requiring minimum five years of low-income housing tax credit program management experience including relocation assistance compliance experience

  • Requires notification of local municipal chief executive officers and district legislators within ten days of loan approval and posting of funding source signage (minimum 32 square feet) at project sites within 30 days

  • Prohibits owners, developers, or consultants not in good standing with the authority or Department of Housing from receiving new authority funding until their outstanding projects are resolved

  • Takes effect October 1, 2023

Legislative Description

An Act Concerning The Low-income Housing Tax Credit Program Administered By The Connecticut Housing Finance Authority.

Last Action

File Number 198

3/23/2023

Committee Referrals

Banking2/23/2023

Full Bill Text

No bill text available