House Bill No. 6950 seeks to amend the definition of "set-aside development" within the affordable housing land use appeals procedure. The bill mandates that at least thirty percent of dwelling units in such developments must be sold or rented at prices that ensure tenants pay no more than thirty percent of their annual income, provided their income does not exceed eighty percent of the median income. A significant addition to the bill is the provision that allows tenants whose income surpasses these thresholds to continue renting their units for up to three years, enhancing stability for families experiencing income changes. This new language is inserted into subsection (d) of section 8-30g, while existing language in the same subsection is repealed and replaced to clarify how maximum monthly housing costs are determined in relation to Section 8 fair market rent.

Furthermore, the bill establishes that for a minimum of 40 years after initial occupancy, at least 30% of units in government-assisted housing must be deed-restricted according to specified household income limits. It also outlines the formula for determining the maximum housing payment for these deed-restricted units, which considers the applicable median income restriction adjusted for family size and estimated tenant-paid utilities. The bill retains existing legal thresholds for maximum monthly payments as specified in CGS § 8-30g(d). The Housing Committee has favorably reported the bill with a vote of 17 in favor and 1 against, indicating strong support for its provisions aimed at enhancing tenant protections and ensuring affordable housing accessibility for low- and moderate-income families.