AN ACT AUTHORIZING BONDS OF THE STATE FOR BUILDING FACADE AND SITE IMPROVEMENTS IN NEW HAVEN.

HB 5470 authorizes the state to issue up to $5 million in bonds to fund building facade and site improvements in New Haven's Hill and Fair Haven neighborhoods. The funds would be provided as a grant to the city through the Department of Economic and Community Development for exterior renovations and site enhancements. The bill specifically targets improvements to building exteriors and public spaces in those two neighborhoods. It does not create new taxes or alter existing regulations, focusing solely on allocating state bond proceeds for this specific urban renewal purpose.