Housing Committee
JOINT FAVORABLE REPORT
Bill No.: SB-876
AN ACT CONCERNING BONDS OF BOARD MEMBERS AND OTHER
Title: EMPLOYEES OF THE CONNECTICUT HOUSING FINANCE AUTHORITY.
Vote Date: 3/9/2021
Vote Action: Joint Favorable
PH Date: 3/4/2021
File No.:
Disclaimer: The following JOINT FAVORABLE Report is prepared for the benefit of the
members of the General Assembly, solely for purposes of information, summarization and
explanation and does not represent the intent of the General Assembly or either chamber
thereof for any purpose.
SPONSORS OF BILL:
None
REASONS FOR BILL:
Would allow the CHFA to obtain and provide insurance coverage equivalent to a surety bond,
for a number of their employees and board members which enables them to give broader
coverage and save costs to the authority.
RESPONSE FROM ADMINISTRATION/AGENCY:
Commissioner Seila Mosquera-Bruno of DPH- Supports this bill because it allows
Connecticut Housing Finance Authority (CHFA) to obtain insurance covering Board
members, the Executive Director and employees, in lieu of executing a surety bond, as
required by existing law. CHFA is their main partner in establishing and protecting housing.
Executive Director Nandini Natarajan of CHFA- Supports this bill because it will allow the
quasi-public agency to obtain insurance coverage for various employees and help with cost
savings.
NATURE AND SOURCES OF SUPPORT:
None
NATURE AND SOURCES OF OPPOSITION:
None
Reported by: Eddie Aledia Date: 3/16/21


Statutes affected:
Raised Bill: 8-247
HSG Joint Favorable: 8-247
File No. 100: 8-247