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SB 241

AN ACT CONCERNING THE WATERBURY LAND BANK.

2026 Regular Session Introduced by Bill Pizzuto and 1 co-sponsor

SB 241 establishes Waterbury Land Bank to acquire and redevelop vacant/blighted properties, addressing urban deterioration through municipal property management.

FAV. CHG. OF REF. HOUSE TO COMM. ON Finance, Revenue and Bonding
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Bill Summary · SB 241

Legislative bill overview

SB 241 establishes or modifies the Waterbury Land Bank, a municipal entity designed to acquire, manage, and repurpose vacant, blighted, or foreclosed properties within Waterbury, Connecticut. The bill likely grants the land bank authority to hold property, secure funding mechanisms, and facilitate redevelopment efforts to address urban blight and support community revitalization.

Why is this important

Land banks are tools cities use to combat neighborhood deterioration and vacant property problems by converting problem properties into community assets. This directly affects Waterbury residents through reduced blight, increased property values, improved public safety, and potential economic development opportunities in affected neighborhoods.

Potential points of contention

  • Funding mechanisms – Unclear how the land bank will be funded (tax revenue, grants, bond issuances) and who bears these costs
  • Property acquisition scope – Questions about eminent domain authority, fair market pricing for acquisitions, and due process protections for current property owners
  • Governance and accountability – Who controls the land bank board, how transparent are operations, and what oversight exists for property disposition and development deals
  • Timeline and outcomes – Lack of specified metrics for success or timelines for returning properties to productive use versus indefinite holding

Compiled from official sources — confirm details with the bill’s official record.

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