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CT SB01098

Bill

Status

Introduced

1/22/2025

Primary Sponsor

Herron Gaston

Click for details

Origin

Senate

2025 General Assembly

AI Summary

  • 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

  • Allows tenants to partner with an affordable housing purchaser to complete the property purchase

  • Permits tenants to assign their purchase rights to a nonprofit organization or local housing authority

  • 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