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CT HB05171

CT HB05171
An Act Concerning Loans Made By The Connecticut Housing Finance Authority.


summary

Introduced
01/14/2025
In Committee
01/14/2025
Crossed Over
Passed
Dead
06/04/2025

Introduced Session

2025 General Assembly

Bill Summary

To require the Connecticut Housing Finance Authority to prioritize issuing loans for properties purchased in a municipality containing seven thousand five hundred or fewer residents.

AI Summary

This bill amends Chapter 134 of Connecticut's general statutes to require the Connecticut Housing Finance Authority (CHFA), a state agency that provides affordable housing financing, to prioritize issuing loans for properties purchased in smaller municipalities with populations of 7,500 residents or fewer. By specifying this population threshold, the bill aims to direct housing finance resources toward more rural or less populated areas of Connecticut, potentially supporting housing development and affordability in smaller communities that might otherwise have limited access to housing loans. The legislation seeks to ensure that CHFA provides targeted financial support to property purchases in these smaller municipalities, which could help promote housing opportunities and community development in less densely populated regions of the state.

Committee Categories

Housing and Urban Affairs

Sponsors (1)

Last Action

Referred to Joint Committee on Housing (on 01/14/2025)

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