AN ACT REQUIRING THE CONNECTICUT HOUSING FINANCE AUTHORITY TO UPDATE THE CONNECTICUT OPPORTUNITY MAP.

SB 1422 requires the Connecticut Housing Finance Authority (CHFA) to update the Connecticut Opportunity Map by January 1, 2026. The bill mandates CHFA to revise the map's underlying policy using broader metrics - including economic potential - to accurately rate every area in Connecticut, then reflect these changes on the public map. This directly affects CHFA (which must bear the cost) and all Connecticut communities, as the map influences housing and economic development decisions. The update will cost up to $500,000 in fiscal year 2026, funded by CHFA's existing resources. The map itself is a tool for assessing community opportunity levels, not a direct funding mechanism.