AN ACT INCLUDING DWELLING UNITS FOR PURCHASERS THAT MEET CERTAIN INCOME REQUIREMENTS IN THE CALCULATION OF THE THRESHOLD FOR THE AFFORDABLE HOUSING APPEALS PROCEDURE EXEMPTION.

HB 5435 amends Connecticut law to include dwelling units purchased by households earning ≤80% of the area median income in the calculation for a 10% threshold exemption. This change affects developers of housing projects that would otherwise face affordable housing appeals procedures. The bill adds these income-qualified units to the threshold calculation, potentially expanding the number of projects qualifying for exemption from affordable housing requirements. It directly impacts housing developments targeting lower-income buyers by altering how the exemption threshold is determined under section 8-30g of the general statutes.