SB 256 Connecticut Senate · 2026 Regular Session

AN ACT CONCERNING THE PURCHASE OF RESIDENTIAL PROPERTY BY PRIVATE EQUITY ENTITIES.

SB 256 requires private equity entities (firms that pool investment capital to buy residential properties) to wait 75 days after a single-family or two-family home is listed for public sale before purchasing it. The bill mandates that if the listing price changes, the 75-day clock restarts. Private equity buyers must also provide written notice confirming the waiting period was observed. Violations may result in civil penalties up to $250,000, enforced by the Attorney General. The law takes effect October 1, 2026.

Issues: ✓ Housing

Bill status passed 3 of 5 stages cleared

Introduction

Feb 2026

Committee Review

Apr 2026

Senate Passage

Apr 2026

House Passage

Governor

Introduced Feb 19, 2026 Last action May 1, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

HSG Joint Favorable Substitute → JUD Joint Favorable Substitute · 1 edit

MINOR

The bill increased the minimum asset threshold for private equity entities from $30 million to $50 million, meaning fewer large investment firms will be subject to these new restrictions. The text of the definitions, waiting periods, and penalties remains unchanged, but the higher threshold significantly narrows the scope of entities that must comply with the purchase limitations.

Scope change

The bill's applicability was narrowed by raising the asset threshold, reducing the number of private equity entities required to follow the new rules.

ELIGIBILITY

The minimum asset requirement for private equity entities was raised from thirty million dollars to fifty million dollars.

Floor votes · Senate Apr 30, 2026

How they voted

27–9

Passed

Total votes 36

Apr 30, 2026

D Democratic25

25 Yea

100% Yea

R Republican11

2 Yea 9 Nay

81% Nay

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Apr 30, 2026

Upper · Passed

SEN. PASSED, SEN. AMEND. SCH. A

upper

Apr 30, 2026

Upper · Passed

SEN. ADOPTED SEN. AMEND. SCH. A

upper

Apr 10, 2026

Upper · Passed

Joint Favorable Substitute

upper

Mar 10, 2026

Upper · Passed

Joint Favorable Substitute

upper

Feb 19, 2026

Committee

REF. TO JOINT COMM. ON Housing

upper

9 primary · 0 co-sponsors