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CT SB00442

Bill

Status

Introduced

1/10/2025

Primary Sponsor

Saud Anwar

Click for details

Origin

Senate

2025 General Assembly

AI Summary

  • Prohibits out-of-state hedge funds from purchasing single-family dwelling units in Connecticut

  • Mandates separate bidding processes for large investors and individual buyers at foreclosure auctions

  • Encourages municipalities to expand funding for community land trusts and housing cooperatives

  • Requires private equity firms and large investors to disclose detailed information on their property ownership

  • Caps the number of single-family dwelling units that corporate entities may own

Legislative Description

An Act Concerning Access To Homeownership And Regulation Of Corporate Ownership Of Residential Property.

Last Action

Referred to Joint Committee on Housing

1/10/2025

Committee Referrals

Housing1/10/2025

Full Bill Text

No bill text available