SB 908 — AN ACT CONCERNING THE HOUSING TRUST FUND.

Senate General Assembly RaisedFile Bill No.

908112 January Session, 2023 LCOSenate Bill No.

3089908 ReferredSenate, toMarch 20, 2023 The Committee on HOUSINGHousing Introducedreported by:through SEN.

(HSG)MOORE ANof ACTthe CONCERNING22nd THEDist., HOUSINGChairperson TRUSTof FUND.the Committee on the part of the Senate, that the bill ought to pass.

AN ACT CONCERNING THE HOUSING TRUST FUND.

and (2) the development ofSB908 regulations,/ proceduresFile andNo. rating criteria for the program.

The112 committee1 shallSB908 beFile appointed by the commissioner, in LCO 3089 \\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-00908-R01 of 3 SB.docx Bill No.

908112 consultation with the Treasurer and the secretary and shall include the chairpersons and ranking members of theregulations, jointprocedures standing committee of the General Assembly having cognizance of matters relating to planning and development,rating andcriteria thefor joint standing committee of the Generalprogram. Assembly having cognizance of matters relating to housing and representatives from each of the following:

The committee shall be appointed by the commissioner, in consultation with the Treasurer and the secretary and shall include the chairpersons and ranking members of the joint standing committee of the General Assembly having cognizance of matters relating to planning and development, and the joint standing committee of the General Assembly having cognizance of matters relating to housing and representatives from each of the following:

and (J) the employers of the state, which may be satisfied by the appointment of a representative from a state business and industry association or regional chambers of commerce.] [(c)][(c)](b)Thecommissioner (b) The commissioner may adopt regulations, ininaccordance accordance with the provisions of chapter 54, to carry out the provisions of sections 8-336m8- 336m to 8-336q, inclusive.

[(d)] (c) The commissioner may request, inspect and audit reports, booksbooksandrecordsandany and records and any other financialfinancialorproject-relatedinformation or project-related information with respect to eligible applicants that receive financial assistance, including, without limitation, resident or employment information, financial and operating statements and audits.

[(e)] (d) Whenever financial assistance is provided pursuant to section 8-336p, the commissioner may take all reasonable steps and exercise all available remedies necessary or desirable to protect the obligations or interests of the state, including, but not limited to, amendingSB908 any/ termFile or condition of a contract or agreement, provided LCO 3089 {\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-00908-R01-2 of 3 SB.docx } Bill No.

908112 such2 amendmentSB908 isFile allowedNo. or agreed to pursuant to such contract or agreement, or purchasing or redeeming, pursuant to foreclosure proceedings, bankruptcy proceedings or in other judicial proceedings, any property on which such commissioner or the department holds a mortgage or other lien, or in which the commissioner or the department has an interest.

112 amending any term or condition of a contract or agreement, provided such amendment is allowed or agreed to pursuant to such contract or agreement, or purchasing or redeeming, pursuant to foreclosure proceedings, bankruptcy proceedings or in other judicial proceedings, any property on which such commissioner or the department holds a mortgage or other lien, or in which the commissioner or the department has an interest.

Section 1 October 1, 2023 8-336q HSG Joint Favorable LCOSB908 3089/ {\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-00908-R01-File 3No. of 3 SB.docx }

112 3 SB908 File No.

112 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:

None Municipal Impact:

None Explanation The bill has no fiscal impact, as it eliminates an obsolete advisory committee not supported by state funding.

The Out Years State Impact:

None Municipal Impact:

None SB908 / File No.

112 4 SB908 File No.

112 OLR Bill Analysis SB 908 AN ACT CONCERNING THE HOUSING TRUST FUND.

SUMMARY This bill eliminates the Housing Trust Fund Program Advisory Committee.

The Housing Trust Fund Program (see BACKGROUND) was established in 2005 to, among other things, promote the rehabilitation, preservation, and production of rental and homeownership housing for low- and moderate-income households.

Current law requires the advisory committee to meet at least semi- annually and advise the Department of Housing (DOH) commissioner on (1) the program’s administration, management, and objectives;

and (2) developing related regulations, procedures, and rating criteria.

(Current DOH program regulations include requirements for, among other things, the program’s project selection process and rating criteria (see Conn.

Agencies Regs.

§ 8-336q).) Under current law, the DOH commissioner appoints the committee in consultation with the state treasurer and the Office of Policy and Management secretary.

Its membership must include the following individuals:

1.

the chairpersons and ranking members of the Housing and Planning and Development committees;

2.

representatives from specified housing-related sectors and entities (e.g., the nonprofit and for-profit development communities, a housing authority, a community development financial institution, a statewide housing organization, a state employer or business association, and the Connecticut Housing SB908 / File No.

112 5 SB908 File No.