This past week, Rep. Carter participated in Connecticut Realtor Day and met with dozens of realtors who traveled to the State Capitol from Bethel, Danbury and Redding to talk about a number of state issues that impact their industry. Rep. Carter believes that the State’s job market and economy are directly dependent on the health of our housing market, and was eager and open to listening to their concerns.
As a result of his conversations with the realtors, Rep. Carter addressed Senator Blumenthal about the potential effects that the looming foreclosure bubble may have on the housing market.
The Connecticut Association of Realtors expressed their strong support for SB 238, An Act Expanding the Learn Here, Live Here Program. The bill allows graduates to set aside 100 percent of their state income tax liability into a Learn Here, Live Here Account. The funds in their account could be used for buying their first home, paying off school loans, or starting a business in the state. If the graduate moves out of state, though they are no longer eligible to contribute to the account and the account will remain open for ten years in hopes that the participant moves back to Connecticut. Once ten years has elapsed, and the individual has not used the fund for any of its intended purposes, the money in the fund will be returned to the General Fund.
Learn Here, Live Here is an initiative the Joint Republican Caucuses take great pride in introducing again this year, and have consistently received the support of the Connecticut Association of Realtors.