Bill > HB05469

This bill authorizes the State Bond Commission to issue state bonds up to $2 million for the city of New Haven to acquire, remediate, and develop an affordable housing project at 130 Orchard Street. The bonds will be issued in accordance with section 3-20 of the general statutes, which likely outlines the procedures and requirements for state bond issuance. The primary purpose of this legislation is to provide funding for the city to purchase, clean up (remediate), and improve a specific piece of real property, with the goal of creating affordable housing. By using state-issued bonds, the city can secure the necessary funds to transform this property, potentially addressing local housing needs and urban development objectives.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05469&which_year=2025