AN ACT AUTHORIZING BONDS OF THE STATE FOR THE PURCHASE OF REAL PROPERTY LOCATED IN THE CITY OF NEW HAVEN.

HB 5469 authorizes the state to issue up to $2 million in bonds to fund the City of New Haven’s purchase, cleanup, and development of real property at 130 Orchard Street for an affordable housing project. The bill directly affects New Haven by providing dedicated state funding for this specific housing initiative. Key provisions include empowering the State Bond Commission to issue bonds under existing law, with proceeds restricted solely to acquiring and preparing the 130 Orchard Street site. The bill does not create new housing policy but enables a defined project through state bond financing.