House Bill No. 5002, titled "An Act Concerning Housing and the Needs of Homeless Persons," mandates the Commissioner of Housing to conduct a study aimed at identifying initiatives to reduce housing costs, expand housing options, and enhance support for individuals experiencing homelessness in the state. The bill requires the commissioner to report the findings of this study to the relevant joint standing committee of the General Assembly by January 1, 2026. The report may also include legislative recommendations based on the study's results.

The bill introduces new legal language, specifically stating that the study will be conducted "from passage" and establishes it as a new section in the law. There are no deletions from current law noted in this bill. Additionally, the fiscal impact of the bill is expected to be negligible, with no anticipated costs to the state or municipalities, as the Department of Housing possesses the necessary expertise to carry out the study.