OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

HB-7297

AN ACT ESTABLISHING A PRIVATE RIGHT OF ACTION IN THE DUTY TO PROMOTE FAIR HOUSING AND REQUIRING A STUDY OF CONNECTICUT'S HOUSING INVENTORY AND CURRENT AND FUTURE HOUSING NEEDS.

AMENDMENT

LCO No.: 8239

File Copy No.: 515

House Calendar No.: 355


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 18 $

FY 19 $

CT Housing Finance Authority (CHFA)

Resources of CHFA - Savings

50,000

None

Note: Various=Various

Municipal Impact: None

Explanation

The amendment results in a one-time savings of $50,000 to the Connecticut Housing Finance Authority, a quasi-public state agency, by eliminating a requirement that the agency conduct a study analyzing the gap between the state-wide housing inventory and projected housing needs.

The amendment also makes a clarifying change which has no fiscal impact.

The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely for the purposes of information, summarization and explanation and does not represent the intent of the General Assembly or either chamber thereof for any purpose. In general, fiscal impacts are based upon a variety of informational sources, including the analyst's professional knowledge. Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.