Housing

HB 5394 updates Connecticut's relocation assistance rules for people displaced from homes due to government actions like redevelopment or code enforcement. It sets a $4,000 limit for payments to help displaced homeowners cover rent for up to four years or a down payment on a new safe, decent home (with a $2,000 matching requirement for larger down payments). Landlords become financially responsible for relocation costs if tenants are displaced due to local code enforcement, and towns/cities can place liens on landlords' property to recover these payments. This bill directly affects displaced homeowners, tenants, landlords, and municipalities managing relocation programs, replacing outdated provisions with clearer payment standards effective October 2026.

HB 5226 requires Connecticut municipalities with populations over 15,000 to establish fair rent commissions by January 1, 2028, and all municipalities containing mobile manufactured home parks must join a regional fair rent commission. These commissions will handle rent complaints for non-seasonal mobile home spaces, investigate excessive charges, and hold public hearings to address issues affecting mobile home residents and park owners. The bill creates a framework for regional commissions (managed through regional councils) and mandates specific member requirements, including resident representation. It directly affects mobile home park residents, landlords, and local governments responsible for implementing the new commission structure. The changes take effect October 1, 2026.

HB 5314 updates Connecticut's "Homes for CT" loan program to set a clear interest rate cap: loans from participating financial institutions must charge a rate not exceeding The Wall Street Journal's published prime rate (replacing a previous Federal Home Loan Bank reference). It also expands the Connecticut Housing Finance Authority's role, allowing it to provide additional loans or forgivable grants-in-aid to eligible borrowers beyond those from banks, with these new loans being subordinate to bank loans. The changes directly affect Connecticut homebuyers (particularly first-time buyers) who qualify for the program through participating lenders. The bill takes effect July 1, 2026, and aims to streamline program administration while maintaining affordability.