Share
As part of an ongoing effort to address the affordable housing shortage, the Connecticut General Assembly has passed Senate Bill No. 1444 which is designed to facilitate the conversion of certain buildings to residential use. In order to be eligible for the benefits provided for in the bill, a building must be commercial but not industrial in nature. The bill provides the following incentives to help promote the total or partial conversions of such buildings:
- If adopted by a municipality in its zoning regulations, a summary review process that requires a decision from the local land use agency on the application for approval of the conversion within 65 days provided that the commercial building had an average occupancy of less than 50% over the preceding year.
- A prohibition on a property tax revaluation of the converted property for a period of three years from the date that the certificate of occupancy is issued.
- An opportunity for priority funding of the conversion from a newly established state “greyfield revitalization program.”
The adopted bill now heads to the Governor’s desk for signature. If approved, it will be effective on October 1, 2025.
This blog/web site presents general information only. The information you obtain at this site is not, nor is it intended to be, legal advice, and you should not consider or rely on it as such. You should consult an attorney for individual advice regarding your own situation. This website is not an offer to represent you. You should not act, or refrain from acting, based upon any information at this website. Neither our presentation of such information nor your receipt of it creates nor will create an attorney-client relationship with any reader of this blog. Any links from another site to the blog are beyond the control of Pullman & Comley, LLC and do not convey their approval, support or any relationship to any site or organization. Any description of a result obtained for a client in the past is not intended to be, and is not, a guarantee or promise the firm can or will achieve a similar outcome.
About Our Property Tax and Valuation Law Blog
Alerts, commentary, and insights from the attorneys of Pullman & Comley’s Property Tax and Valuation practice with timely information for businesses, nonprofits and individuals in commercial property tax appeals and eminent domain matters.