Raised Bill No. 5362 seeks to enhance affordable housing development in Connecticut by implementing recommendations from the Majority Leader's Roundtable. The bill redefines "set-aside development" to require that at least thirty percent of dwelling units be affordable for individuals and families earning less than or equal to eighty percent of the median income. It modifies the duration of affordability requirements, allowing units to remain affordable for either twenty or forty years, depending on land ownership, replacing the previous uniform requirement of forty years. Additionally, the bill introduces a streamlined appeals process for affordable housing applications, prioritizing these cases in court and allowing municipalities to apply for a moratorium on applications under specific conditions.

The bill also amends existing laws to facilitate the development of affordable housing by allowing municipalities to count eligible housing units completed before a moratorium towards future eligibility. It revises the criteria for obtaining a certificate of affordable housing project completion, changing the threshold for housing unit-equivalent points and clarifying the awarding process based on income restrictions. Furthermore, it mandates municipalities to adopt zoning regulations that support transit community middle housing and mixed-use developments, while establishing a new Council on Housing Development to oversee housing growth plans. The act emphasizes transparency and community involvement by requiring detailed reports on proposed housing projects and is set to take effect on October 1, 2026.