The proposed bill, General Assembly Proposed Bill No. 6125, seeks to amend subsection (k) of section 8-30g of the general statutes to expand the criteria for properties considered in the calculation of the ten-percent threshold for the affordable housing appeals procedure exemption. Specifically, the bill introduces new legal language that includes properties that are not deed restricted but can be purchased by individuals or families with incomes at or below eighty percent of the median income. This inclusion is based on the prevailing interest rates and appraised values of properties from the previous grand list year.
The intent of this legislation is to enhance access to affordable housing by recognizing additional properties that meet certain income criteria, thereby potentially increasing the number of properties counted towards the threshold for the appeals procedure exemption. This change aims to support individuals and families who may struggle to find affordable housing options, thereby promoting greater equity in housing availability.