Connecticut HB05363 modifies the income threshold for tenants renting in set-aside developments.
Connecticut HB05363 amends the income threshold for tenants renting in set-aside developments. It specifies that tenants with income less than or equal to 60% of the median income can rent at an affordable rate. If the maximum monthly housing cost exceeds 100% of the Section 8 fair market rent, it must not exceed 100% of said Section 8 fair market rent. The bill also defines terms like "affordable housing development" and "assisted housing.
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