CT SB00989

Authorizes the State Bond Commission to issue up to $40 million in state bonds for low-interest loans administered by the Connecticut Housing Finance Authority for affordable and workforce housing development

Limits eligibility to municipalities below 7% compliance with the affordable housing appeals procedure threshold under section 8-30g

Requires developers to designate at least 10% of proposed single-family housing units as affordable or workforce housing, with rental properties excluded from the program

Caps individual project loans at $5 million maximum

Allows eligible homebuyers to directly access low-interest loans to purchase properties within qualifying developments