Lawmakers Act on Housing Solutions
The Connecticut General Assembly has seen no shortage of bills aimed at solving the state’s housing crisis this session.
SB 4, which includes tax credits for investments in workforce housing developments, was among the more prominent proposals.
The legislature’s Housing Committee approved the measure on a 10-5 vote earlier this month, sending it to the Senate.
“The lack of affordable workforce housing in our state, especially in underserved communities, is one of the factors contributing to our workforce crisis,” CBIA’s Pete Myers told the committee.
“CBIA believes that incentivizing the building of workforce housing in a manner that maintains local control is the best solution to our workforce housing crisis.”
The Planning and Development Committee unanimously approved HB 6558, which provides property tax abatements up to $500 annually for five years for first-time homebuyers with Connecticut Housing Finance Authority loans.
Introduced by Rep. Joe Zullo (R-East Haven), the bill was cosponsored by Rep. Andre Bumgardner (D-Groton), Rep. Nicole Klarides-Ditria (R-Seymour), Rep. David Michel (D-Stamford), and Rep. Gary Turco (D-Newington).
“This would be an economic driver for the state as well as helping to create an affordable housing option to keep our workforce here,” Myers said.
The bill was introduced by Rep. Tom Delnicki (R-South Windsor) and cosponsored by Turco.
“This legislation incentivizes residents to stay in Connecticut and to invest in the state and in our businesses,” Myers said.
The lack of available housing, one of the factors driving the worker shortage, drew special attention in Lamont’s budget recommendations.
“Millions of dollars for workforce training will go to naught if we don’t have enough housing where workers can afford to live,” he told lawmakers Feb. 8.
Lamont proposed nearly doubling state investment in affordable housing development to $600 million over the next two years, increasing the number of new housing units by 6,400.
Myers told the committee March 10 that CBIA supported the governor’s emphasis on urban redevelopment and transit-oriented development.
“Developing housing in our downtowns will help stimulate economic growth in those areas,” he said.
For more information, contact CBIA’s Pete Myers (860.244.1921).
EXPLORE BY CATEGORY
Stay Connected with CBIA News Digests
The latest news and information delivered directly to your inbox.