Housing Affordability Crisis Deepens Across Connecticut
Key Questions
What is the current state of housing affordability in Connecticut?
Fairfield County has very few homes available for middle-income buyers. Housing remains a top economic concern for professionals across the state.
How is the state addressing the housing shortage?
The Connecticut Housing Finance Authority has awarded financing for 496 units across 10 developments. In Norwalk, the Milligan project has pivoted to developing 207 apartments.
What type of housing dominates most Connecticut towns?
Most residential buildings in Connecticut towns are single-family homes, with a 65% chance any given structure fits this category. This dominance contributes to limited options in many areas.
What action did Shelton take regarding potential housing development?
Shelton purchased historic Beardsley farmland for $1.35 million specifically to block future housing development on the site.
Has adding apartments in Norwalk helped control rents?
Despite adding thousands of apartments over the past decade, rents in Norwalk continued to rise. This shows that increased supply alone has not resolved affordability issues.
Fairfield County has few homes for middle-income buyers. CHFA awarded financing for 496 units across 10 developments. Norwalk's Milligan project pivots to 207 apartments. Housing remains a top economic concern for professionals.