CT HB06500

Hedge funds, private equity firms, and corporations would be prohibited from purchasing residential property in Connecticut

Covered entities must divest and relinquish ownership of all residential property holdings they currently own

Existing tenants receive primary right of first refusal to purchase divested properties, either individually or collectively

Land trusts, tenants' unions, and common interest communities receive secondary right of first refusal after tenants

A low-interest loan program would be established to help those with right of first refusal finance their property purchases