Establishes the Housing Trust Fund and modifies regulations for affordable housing applications in Connecticut.
The bill establishes the Housing Trust Fund, a nonlapsing fund held by the Treasurer, to receive proceeds from bonds, financial assistance, private contributions, and other funds. It modifies regulations for affordable housing applications, requiring an affordability plan that includes lease provisions, a formula for rent levels and sale prices, and a clarification of costs. The bill also outlines procedures for municipalities to obtain a moratorium on affordable housing applications and establishes an appeals process for certain decisions.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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