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CT SB00811
Bill
Status
Introduced
1/21/2025
Primary Sponsor
Martin Looney
Click for details
AI Summary
- Municipalities with 10% or more affordable housing receive a 20% increase in school building project grant reimbursement for five years
- Municipalities with 8% to less than 10% affordable housing receive an 8% reimbursement increase for five years
- Municipalities with 6% to less than 8% affordable housing receive a 5% reimbursement increase for five years
- Affordable housing thresholds are determined under section 8-30g of the general statutes
- Creates financial incentive for municipalities to develop affordable housing by linking it to school construction funding
Legislative Description
An Act Increasing The Reimbursement Percentage For School Building Project Grants For Municipalities That Meet Certain Affordable Housing Thresholds.
Last Action
Referred to Joint Committee on Housing
1/21/2025
Committee Referrals
Housing1/21/2025
Full Bill Text
No bill text available