All Roll Calls
Yes: 193 • No: 10
ConnecticutHB 070272025 Regular SessionHouseWALLET
AN ACT CONCERNING THE USE OF CONDOMINIUM DEPOSITS FOR CONSTRUCTION AND DEVELOPMENT, ACCOUNTING OF RENTAL CHARGES AND A WORKING GROUP TO DEVELOP A UNIFORM STATUTORY DEFINITION OF "AFFORDABLE HOUSING".
Sponsored By: Housing Committee
Signed by Governor
Summary
To permit the use of condominium deposits for construction and development.
housing
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
Some condo buyers’ deposits fund construction
Beginning July 1, 2025, Connecticut condo developers can withdraw buyer deposits above 1% of the purchase price after construction starts. The contract must allow this use, and the buyer must state in the contract that they are an accredited investor. Withdrawn money can cover only actual construction, development, and design costs incurred after the buyer’s cancellation period ends. It cannot pay salaries, commissions, real estate licensee expenses, or advertising. This exposes eligible buyers’ deposits to project spending before closing.
Condo buyers get clearer deposit warnings
Beginning July 1, 2025, Connecticut condo contracts allowing deposit use must carry a bold warning about spending before closing. The warning must appear on the first page and immediately above the buyer’s signature. It must explain that payments above 1% of the purchase price may fund construction, development, and design costs. The public offering statement must say whether deposits stay in escrow with a refund after a qualifying cancellation, or may be withdrawn for authorized uses.
Renters can request their account records
Beginning July 1, 2025, Connecticut landlords must give occupants a copy of their rental account records upon request. The records must show charges, payments, and any balance owed or surplus paid. This lets renters check their accounts, but does not change rent or require a payment to them.
Sponsors & Cosponsors
Sponsor
Housing Committee
Affiliation unavailable
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
Senate vote • 3/6/2025
Senate Roll Call Vote 436
Yes: 36 • No: 0
House vote • 3/6/2025
House Roll Call Vote 369 AS AMENDED
Yes: 140 • No: 9
House vote • 3/6/2025
HSG Vote Tally Sheet (Joint Favorable)
Yes: 17 • No: 1
Actions Timeline
Signed by the Governor
6/30/2025legislatureTransmitted by Secretary of the State to Governor
6/25/2025legislatureTransmitted to the Secretary of State
6/25/2025legislaturePublic Act 25-146
6/17/2025legislatureOn Consent Calendar / In Concurrence
6/4/2025legislatureSenate Passed as Amended by House Amendment Schedule A
6/4/2025SenateSenate Adopted House Amendment Schedule A
6/4/2025SenateSenate Calendar Number 629
6/4/2025SenateFavorable Report, Tabled for the Calendar, Senate
6/4/2025SenateTransmitted Pursuant To Joint Rule 17
6/4/2025legislatureHouse Passed as Amended by House Amendment Schedule A
6/4/2025HouseHouse Adopted House Amendment Schedule A 10691
6/4/2025HouseFile Number 239
3/25/2025legislatureHouse Calendar Number 167
3/25/2025HouseFavorable Report, Tabled for the Calendar, House
3/25/2025HouseReported Out of Legislative Commissioners' Office
3/25/2025legislatureReferred to Office of Legislative Research and Office of Fiscal Analysis 03/24/25 5:00 PM
3/19/2025legislatureFiled with Legislative Commissioners' Office
3/10/2025legislatureJoint Favorable
3/6/2025legislaturePublic Hearing 02/27
2/21/2025legislatureReferred to Joint Committee on Housing
2/20/2025legislature
Bill Text
Public Act No. 25-146
6/4/2025
File No. 239
3/25/2025
HSG Joint Favorable
3/6/2025
Raised Bill
2/20/2025
Bill Analysis For File Copy 239
Fiscal Note For File Copy 239
Fiscal Note for Amendment LCO 10691 (No Fiscal Impact)
Fiscal Note for HB-7027, As Amended by House "A" (LCO 10691)
HSG Joint Fav. Rpt
HSG Vote Tally Sheet (Joint Favorable)
House Roll Call Vote 369 AS AMENDED
House Schedule A LCO# 10691 (J)
Senate Roll Call Vote 436
Summary for Public Act No. 25-146
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