AN ACT CONCERNING THE INCOME THRESHOLD FOR TENANTS RENTING A DWELLING UNIT IN A SET-ASIDE DEVELOPMENT.

HB 6334 allows tenants in set-aside housing developments to remain in their units for up to three years after their income exceeds the income threshold that would normally disqualify them. This bill directly affects low- and moderate-income renters in designated set-aside housing who experience temporary income increases. The key provision amends state law to permit continued tenancy during this three-year grace period, rather than requiring immediate relocation. The change applies specifically to tenants renting in developments with income-based set-aside requirements.