Bill > HB05468

This bill authorizes the State Bond Commission to issue up to $5 million in state bonds specifically for affordable housing projects in New Haven. The bonds will be issued in accordance with existing state statute section 3-20 and are intended to fund housing developments that consist entirely of affordable housing units. "Affordable housing" typically refers to residential units designed to be accessible to low or moderate-income residents, often with rental or purchase prices set below market rates. By dedicating these funds exclusively to 100% affordable housing developments, the bill aims to address housing accessibility challenges in New Haven by providing financial support for creating new housing options for residents who might otherwise struggle to find suitable, reasonably priced housing in the area.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05468&which_year=2025