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CT HB05276
Bill
Status
1/15/2025
Primary Sponsor
Arnold Jensen
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AI Summary
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Amends Section 8-30g(k) of Connecticut General Statutes regarding the 10% affordable housing threshold for appeals procedure exemption
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Expands what counts toward the 10% threshold to include properties not deed-restricted but affordable to households earning ≤80% of area median income
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Affordability determination based on prevailing interest rates and appraised property values from the prior grand list year
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Allows municipalities to count market-rate homes that are naturally affordable toward their affordable housing percentage, potentially making it easier to reach exemption status
Legislative Description
An Act Including Dwelling Units For Purchasers That Meet Certain Income Requirements In The Calculation Of The Threshold For The Affordable Housing Appeals Procedure Exemption.
Last Action
Referred to Joint Committee on Housing
1/15/2025