Bill > SB00111

This bill authorizes the State Bond Commission to issue up to $300 million in state bonds over the fiscal years ending June 30, 2026, and June 30, 2027. The bond proceeds will be specifically allocated to the Department of Housing to fund the Build for CT program, which is designed to address housing challenges for middle-income renters in Connecticut. By enabling the issuance of these bonds, the state aims to provide additional financial resources to support the development of housing that is affordable and accessible to residents who may not qualify for traditional low-income housing assistance but still struggle with high rental costs. The bill represents a targeted approach to expanding housing options by leveraging state bond financing to create more housing opportunities for middle-income individuals and families.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00111&which_year=2025