Bill > HB05040

This bill proposes to modify the Connecticut Housing Finance Authority's (CHFA) first-time homebuyer assistance programs by increasing the income limits specifically for individuals working in healthcare, emergency services, and teaching professions. Previously, income limits were likely calculated on a household basis, but the bill would change this to allow individuals in these professional categories to qualify for assistance if they earn up to $112,000 per person, rather than per household. This change aims to provide more targeted housing support for essential workers who may have unique financial challenges in purchasing their first home. By raising the individual income threshold, the bill seeks to make homeownership more accessible for professionals in critical service fields like healthcare, emergency response, and education, potentially helping these workers establish more stable housing situations in Connecticut.

Housing and Urban Affairs

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05040&which_year=2025