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state_legiscan_backfill · CT

An Act Establishing A Grant Program To Create Affordable Housing Developments With Certain Deed Restrictions.

February 20, 2025

Summary

If enacted, this bill would establish a state-funded grant program designed to incentivize the development of affordable housing units. To qualify for grants, developers must deed restrict at least sixty percent of the dwelling units to individuals or families earning a maximum annual income of thirty-five thousand dollars.

Source: https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB01365&which_year=2025

Common questions

What does "An Act Establishing A Grant Program To Create Affordable Housing Developments With Certain Deed Restrictions." cover?
If enacted, this bill would establish a state-funded grant program designed to incentivize the development of affordable housing units. To qualify for…
When was it published?
It was published on February 20, 2025.

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