AN ACT CONCERNING ELIGIBILITY FOR WORKFORCE HOUSING DEVELOPMENT PROJECTS.

This bill modifies the eligibility requirements for Connecticut's Workforce Housing Opportunity Development Program by adjusting the mix of rental units in new housing projects. Specifically, it changes the rule so that 50% of the units in a project must be rented to the workforce population, while 40% must be rented at market rates, reversing the previous allocation. The legislation also updates the legal definition of a "business firm" to include various regulated industries and clarifies what constitutes "substantial rehabilitation" for existing buildings. These changes directly affect developers, nonprofit housing organizations, and municipalities that apply for funding to build or renovate affordable rental housing.