Bill > HB06494

This bill establishes a Housing Growth Fund administered by the Commissioner of Economic and Community Development, with an annual allocation of fifty million dollars to provide grants to municipalities. The grants are designed to achieve three main objectives: first, to increase the production of affordable housing (which is defined in an existing statute as housing meeting specific affordability criteria), second, to promote housing development that is affordable for low and moderate-income families (also defined by existing legal standards), and third, to maximize residential, commercial, and leisure spaces that are within walking distance of transit facilities. The purpose of the fund is to incentivize municipal efforts to create more accessible and affordable housing options, with the goal of addressing housing accessibility challenges by providing financial support to local governments that take steps to develop housing that meets these specified criteria.

Housing and Urban Affairs

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB06494&which_year=2025