AN ACT ESTABLISHING A PROGRAM TO PROVIDE GRANTS TO LANDLORDS TO CREATE AFFORDABLE HOUSING.
Connecticut grants program pays landlords to create affordable housing units by offsetting rental income losses from below-market rates.
Connecticut grants program pays landlords to create affordable housing units by offsetting rental income losses from below-market rates.
SB 1096 establishes a state grant program that provides financial incentives directly to landlords and property owners to create or preserve affordable housing units. The bill aims to expand the affordable housing supply by offsetting the costs landlords incur when renting units below market rates.
Connecticut faces a significant affordable housing shortage, with rising rents pricing out lower-income residents. By channeling state funding through landlords rather than relying solely on traditional public housing or tenant assistance, the bill attempts to leverage private property owners as partners in addressing housing affordability. The approach could accelerate housing development since private owners often respond faster than government agencies.
Compiled from official sources — confirm details with the bill’s official record.
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