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CT SB00442
Bill
Status
Introduced
1/10/2025
Primary Sponsor
Saud Anwar
Click for details
AI Summary
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Prohibits out-of-state hedge funds from purchasing single-family dwelling units in Connecticut
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Mandates separate bidding processes for large investors and individual buyers at foreclosure auctions
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Encourages municipalities to expand funding for community land trusts and housing cooperatives
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Requires private equity firms and large investors to disclose detailed information on their property ownership
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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