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-House of Representatives
-sHB5162 / File No. 89  1
-
-General Assembly File No. 89
-February Session, 2026 Substitute House Bill No. 5162
-
-House of Representatives, March 19, 2026
-
-The Committee on Housing reported through REP. FELIPE of
-the 130th Dist., Chairperson of the Committee on the part of the
-House, that the substitute bill ought to pass.
-
- AN ACT AMENDING AN AUTHORIZATION OF BONDS OF THE
-STATE FOR A GRANT-IN-AID TO THE CONNECTICUT HOUSING
-FINANCE AUTHORITY.
-Be it enacted by the Senate and House of Representatives in General
-Assembly convened:
-
-Section 1. Subdivision (3) of subsection (c) of section 9 of public act 1
-12-189, as amended by section 102 of public act 13 -239, section 212 of 2
-public act 15-1 of the June special session and section 157 of public act 3
-16-4 of the May special session, is amended to read as follows ( Effective 4
-July 1, 2026): 5
-(3) For the Department of Housing: Grant -in-aid to the Connecticut 6
-Housing Finance Authority for the purposes of sections 8 -265cc to 8 -7
-265ii, inclusive, and  section 8 -265kk of the general statutes, and to 8
-capitalize down payment assistance issued under the homeownership 9
-loan program established pursuant to sections 8-283 to 8-289, inclusive, 10
-of the general statutes, not exceeding $38,000,000. 11
-sHB5162 File No. 89
-
-sHB5162 / File No. 89  2
-
-This act shall take effect as follows and shall amend the following
-sections:
-
-Section 1 July 1, 2026 PA 12-189, Sec. 9(c)(3)
-
-Statement of Legislative Commissioners:
-The title was changed.
-
-HSG Joint Favorable Subst. -LCO
-
-sHB5162 File No. 89
-
-sHB5162 / File No. 89  3
-
-The following Fiscal Impact Statement and Bill Analysis are prepared for the benefit of the members of
-the General Assembly, solely for purposes of information, summarization and explanation and do not
-represent the intent of the General Assembly or either chamber thereof for any purpose.  In general,
-fiscal impacts are based upon a variety of informational sources, including the analyst’s professional
-knowledge.  Whenever applicable, agency data is consulted as part of the analysis, however final
-products do not necessarily reflect an assessment from any specific department.
-
-OFA Fiscal Note
-
-State Impact:
-Agency Affected Fund-Effect FY 27 $ FY 28 $
-Treasurer, Debt Serv. GF - See Below See Below See Below
-Note: GF=General Fund
-Municipal Impact: None
-Explanation
-The bill expands the eligible uses of an existing General Obligation
-(GO) bond authorization for the Emergency Mortgage Assistance
-Program to allow funds to be used for downpayment assistance. Future
-General Fund debt service costs may be incurred or incurred sooner due
-to the programs’ expansion  to the degree that it causes authorized GO
-bond funds to be expended or to be expended more quickly than they
-otherwise would have been.
-As of March 1, 2026, there is an unallocated bond balance of $5
-million under the authorization. The bill does not change overall GO
-bond authorization levels.
-The Out Years
-The annualized ongoing fiscal impact identified above would
-continue into the future subject to any bonds issued.
-
-sHB5162 File No. 89
-
-sHB5162 / File No. 89  4
+Researcher: SM Page 1 3/19/26
 
 OLR Bill Analysis
 sHB 5162
@@ -94,7 +16,7 @@
 EMAP provides emergency mortgage assistance or emergency lien
 assistance to eligible homeowners who have fallen behind (or anticipate
 falling behind) on their mortgage payment or non -mortgage expenses
-due to a financial hardship beyond their control. DAP g enerally seeks
+due to a financial hardship beyond their control. DAP generally seeks
 to help first-time homebuyers by providing subordinate mortgage loans
 to eligible borrowers for down payment or closing cost assistance (or
 both).