AN ACT AMENDING AN AUTHORIZATION OF BONDS OF THE STATE FOR A GRANT-IN-AID TO THE CONNECTICUT HOUSING FINANCE AUTHORITY.

HB 5162 amends Connecticut's bond authorization for the Connecticut Housing Finance Authority (CHFA), expanding the use of $38 million in funds to cover both emergency mortgage assistance and down payment assistance under the state's homeownership loan program. This change directly affects CHFA and Connecticut homeowners participating in the homeownership loan program (sections 8-283 to 8-289 of state statutes). The bill modifies existing funding rules to permit the same $38 million to capitalize down payment assistance, which was previously ineligible under this specific bond authorization. The amendment takes effect July 1, 2026.