The proposed bill, General Assembly Proposed Bill No. 5041, seeks to amend subsection (k) of section 8-30g of the general statutes regarding the calculation of the ten percent threshold for the affordable housing appeals procedure. The bill introduces new legal language that includes properties not currently deed restricted but available for purchase by individuals or families with incomes at or below eighty percent of the median income. This calculation will take into account the prevailing interest rates and appraised values of properties based on the prior grand list year.

The purpose of this amendment is to broaden the scope of properties considered in the affordable housing appeals process, thereby potentially increasing the number of units that qualify under the ten percent threshold. This change aims to enhance access to affordable housing for lower-income individuals and families, reflecting a more inclusive approach to housing policy.