HB 5162 — AN ACT AMENDING AN AUTHORIZATION OF BONDS OF THE STATE FOR A GRANT-IN-AID TO THE CONNECTICUT HOUSING FINANCE AUTHORITY.

House of Representatives General Assembly SubstituteFile Bill No.

516289 February Session, 2026 ANSubstitute ACTHouse AMENDINGBill ANNo. AUTHORIZATION OF BONDS OF THE STATE FOR A GRANT-IN-AID TO THE CONNECTICUT HOUSING FINANCE AUTHORITY.

5162 House of Representatives, March 19, 2026 The Committee on Housing reported through REP.

FELIPE of the 130th Dist., Chairperson of the Committee on the part of the House, that the substitute bill ought to pass.

AN ACT AMENDING AN AUTHORIZATION OF BONDS OF THE STATE FOR A GRANT-IN-AID TO THE CONNECTICUT HOUSING FINANCE AUTHORITY.

ThissHB5162 act/ shallFile takeNo. effect as follows and shall amend the following sections:

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89 This act shall take effect as follows and shall amend the following sections:

LCOHSG 1202Joint 1Favorable ofSubst. 2 Substitute Bill No.

5162-LCO HSGsHB5162 Joint/ FavorableFile LCONo. 1202 2 of 2

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89 The following Fiscal Impact Statement and Bill Analysis are prepared for the benefit of the members of the General Assembly, solely for purposes of information, summarization and explanation and do 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.

OFA Fiscal Note State Impact:

Agency Affected Fund-Effect FY 27 $ FY 28 $ Treasurer, Debt Serv.

GF - See Below See Below See Below Note:

GF=General Fund Municipal Impact:

None Explanation The bill expands the eligible uses of an existing General Obligation (GO) bond authorization for the Emergency Mortgage Assistance Program to allow funds to be used for downpayment assistance.

Future General Fund debt service costs may be incurred or incurred soonerdue to the programs’ expansion to the degree that it causes authorized GO bond funds to be expended or to be expended more quickly than they otherwise would have been.

As of March 1, 2026, there is an unallocated bond balance of $5 million under the authorization.

The bill does not change overall GO bond authorization levels.

The Out Years The annualized ongoing fiscal impact identified above would continue into the future subject to any bonds issued.

sHB5162 / File No.

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89 OLR Bill Analysis sHB 5162 AN ACT AMENDING AN AUTHORIZATION OF BONDS FOR THE CONNECTICUT HOUSING FINANCE AUTHORITY.

SUMMARY Thisbillexpandstheallowableusesofanexistingbondauthorization for the Connecticut Housing Finance Authority (CHFA).

Specifically, it allows CHFA to use the bond authorization (1) to capitalize assistance issued under its Down Payment Assistance Program (DAP) or (2) for its Emergency Mortgage Assistance Program (EMAP).

Under current law, only the latter use is permitted.

EMAP provides emergency mortgage assistance or emergency lien assistance to eligible homeowners who have fallen behind (or anticipate falling behind) on their mortgage payment or non-mortgage expenses due to a financial hardship beyond their control.

DAP generally seeks to help first-time homebuyers by providing subordinate mortgage loans to eligible borrowers for down payment or closing cost assistance (or both).

EFFECTIVE DATE:

July 1, 2026 COMMITTEE ACTION Housing Committee Joint Favorable Yea 13 Nay 5 (03/05/2026) sHB5162 / File No.

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