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Committee advances CHFA loan-program bill for single-family construction loans after clarification on scope and seed funding
Summary
House Bill 6992, proposing a new Connecticut Housing Finance Authority loan program for single-family home construction, was advanced to the floor after the bill’s sponsor clarified it targets builders of single-family (up to 1–4 family) units and noting $10 million in seed funding in the bond bill.
The Finance, Revenue and Bonding Committee advanced House Bill 6992 to the floor after members asked for clarifications on the program’s scope and fiscal backing.
Representative Doucette, identified in committee as the house chair of the banking committee, explained the proposal would create a CHFA-administered loan program modeled on Build for CT but aimed at single-family homes and construction loans to home builders. “This would operate…
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