AN ACT INCREASING THE INCOME LIMITS OF THE CONNECTICUT HOUSING FINANCE AUTHORITY'S FIRST-TIME HOME BUYER ASSISTANCE PROGRAMS FOR CERTAIN INDIVIDUALS.

HB 5040 increases the income limit for Connecticut's first-time homebuyer assistance programs from household-based to $112,000 per person for individuals working in healthcare, emergency services, or teaching. This change directly affects eligible professionals in these fields who previously faced income caps based on household size. The bill amends Connecticut law to allow these workers to qualify for housing assistance at a higher individual income threshold. The policy adjustment aims to expand access to homebuyer support for specific public-service occupations.