Substitute House Bill No. 5157, Public Act No. 24-89, is an act that repeals provisions concerning the State-Assisted Housing Sustainability Fund and substitutes new provisions for the administration of grants for comprehensive physical needs assessments of eligible housing. The definition of "eligible housing" has been inserted to mean housing included in the housing loan portfolio transferred from the Department of Economic and Community Development to the Connecticut Housing Finance Authority. The bill removes the Department of Housing and replaces it with the Commissioner of Housing, who is responsible for designing and administering a program of grants to owners of eligible housing to cover the costs of these assessments. The assessments include a twenty-year life cycle analysis of various physical elements of the housing developments, compliance with physical accessibility guidelines under the Americans with Disabilities Act, and hazardous materials abatement.

The bill also specifies that the costs of such needs assessments, which were previously paid from the fund, shall now be paid within available appropriations, indicating a deletion of the previous funding mechanism. Additionally, it requires that a copy of each completed comprehensive physical needs assessment be submitted to the Department of Housing in a prescribed format, allowing for the creation of a baseline of existing conditions and annual updates. Sections 8-37xx and 8-37yy of the general statutes are repealed, and the act is effective from October 1, 2024. The bill was approved on June 4, 2024.