OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http://www.cga.ct.gov/ofa

sHB-5340

AN ACT CONCERNING THE REPLACEMENT OF HOUSING PROJECTS BY HOUSING AUTHORITIES.

As Amended by House "A" (LCO 5053)

House Calendar No.: 126

Senate Calendar No.: 561

OFA Fiscal Note

State Impact: None

Municipal Impact: None

Explanation

The bill has no fiscal impact to the Department of Housing by clarifying when the Department may approve a proposed sale, lease transfer or destruction of a housing facility.

Under the bill, the Department may approve such an action if there is an adequate supply of housing in the same municipality that is affordable, as defined in the bill, for those households living in the housing facility proposed to be sold, leased, transferred or destroyed.

House “A” modifies when the Department of Housing may approve a proposed sale, lease, transfer, or destruction of a housing facility and has no fiscal impact.

The Out Years

State Impact: None

Municipal Impact: None