The General Assembly Raised Bill No. 1422 mandates the Connecticut Housing Finance Authority (CHFA) to update the Connecticut Opportunity Map by January 1, 2026. This update will involve revising the underlying policy of the map to ensure it accurately reflects all areas of the state. The CHFA is required to utilize a comprehensive range of metrics and economic potential when determining an area's opportunity score, and subsequently, the map will be updated to incorporate these policy changes.

The bill is set to take effect on July 1, 2025, and introduces new legal language that establishes this requirement as a new section in the law. There are no deletions from current law specified in this bill, as it primarily focuses on the insertion of the new mandate for the CHFA. The purpose of the bill is to enhance the accuracy and utility of the Connecticut Opportunity Map, which is crucial for assessing economic opportunities across the state.