AN ACT AUTHORIZING BONDS OF THE STATE FOR THE BUILD FOR CT PROGRAM.

SB 111 authorizes Connecticut to issue up to $300 million in state bonds over two fiscal years (ending June 2026 and 2027) to fund the Build for CT program. The proceeds will be allocated by the Department of Housing to address housing needs for Connecticut's middle-income renters. This bill directly affects middle-income renters by increasing funding for housing assistance through the Build for CT program. It does not change the program's structure but provides new financial resources to expand its reach. The bill specifically targets housing affordability for this demographic group in Connecticut.