AN ACT CONCERNING LOANS MADE BY THE CONNECTICUT HOUSING FINANCE AUTHORITY.

HB 5171 requires the Connecticut Housing Finance Authority to prioritize issuing loans for properties purchased in towns or cities with 7,500 residents or fewer. This policy change directly affects the Authority’s loan allocation process and residents in smaller Connecticut municipalities. The bill amends statutes to mandate that new loans for home purchases must first serve communities below this population threshold. It does not restrict loans elsewhere but directs the Authority to give preference to smaller communities when making new loan decisions.