CT HB06342

Establishes a Housing Development Authority to acquire and develop permanent, sustainable affordable housing, including single and multifamily units with tenant protections

Caps rents at 25% of household adjusted gross income with a maximum annual increase of 3%

Authorizes financing of real estate acquisition and conveyance of property to public housing authorities, nonprofits, community land trusts, and local governments

Creates climate-resilient, publicly financed housing shielded from market speculation

Enables shared equity homeownership models, mortgage foreclosure relief for at-risk borrowers, and tenant first right of refusal to purchase their property