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CT SB01098
Bill
Status
Introduced
1/22/2025
Primary Sponsor
Herron Gaston
Click for details
AI Summary
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Establishes a Tenant Opportunity to Purchase program giving tenants in multifamily dwelling units the right to match any third-party offer when their property is put up for sale
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Allows tenants to partner with an affordable housing purchaser to complete the property purchase
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Permits tenants to assign their purchase rights to a nonprofit organization or local housing authority
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Prohibits the program from regulating sales prices, meaning purchases must match market offers
Legislative Description
An Act Establishing A Tenant Opportunity To Purchase Program.
Last Action
Referred to Joint Committee on Housing
1/22/2025
Committee Referrals
Housing1/22/2025
Full Bill Text
No bill text available