AN ACT CONCERNING THE INCOME THRESHOLD FOR TENANTS RENTING A DWELLING UNIT IN A SET-ASIDE DEVELOPMENT.

HB 6950 amends Connecticut law to change income thresholds for tenants in "set-aside developments" (affordable housing projects with deed restrictions). It requires that 15% of units in such developments be reserved for households earning ≤60% of median income, with the remaining units for ≤80% median income. The bill also adds a provision allowing tenants whose income later exceeds these thresholds to continue renting their unit for up to three years without rent increases tied to their new income level. This directly affects low-to-moderate-income renters in designated affordable rental buildings, providing temporary stability when their income rises slightly above the original qualifying limit. The changes take effect July 1, 2025.