Affordable Housing

Loving The Hollander:

The Hollander is the "best thing" to happen to her because it gave her a quiet, secure and stable environment in which to live. Her grandchildren play in Bushnell Park and can catch a bus right in front of the building. There are always places to go eat and be entertained.

Affordable Housing

Although median income in Connecticut is high at $66,441, housing prices in the state have grown substantially since 2000.  The price for a single-family home in Connecticut rose by 62 percent from 2000 to 2008, while personal income rose by only 38 percent. Additionally, Connecticut rental costs are up 55 percent statewide since 2000 and the housing wage (what a renter must earn per hour to afford a typical 2BR apartment) is up to $23.37 statewide or $48,600 a year, up from $23 in 2010, and is $18.50 even in rural areas.

Affordable Housing

HOMEConnecticut is a statewide campaign aimed at increasing the stock of affordable housing in Connecticut.

 
 
 

A Solid Foundation

Affordable housing provides a solid foundation for a strong community. Residents who live in a home that is affordable have funds to purchase food, provide health care and satisfy other living needs. Residents of affordable homes also have the economic means to purchase goods and services in their communities.  Affordable housing helps to create economic stability.

No More Than 30 percent

The common definition of an affordable home is one where the resident uses no more than 30 percent of his or her income to pay the rent or mortgage. In Connecticut, the amount a person must make per hour to afford a typical two-bedroom apartment is $23.22. The median wage? $19.61.

An Affordable Home Is Vital

Inability to pay the rent or mortgage leads to eviction, foreclosure, homelessness and transience. But even if the rent or mortgage can be paid, spending too much on housing leaves too little income for food, clothing, health care, transportation and other necessities.

Unaffordable Housing Hurts Families

Equally important, those who can't afford their housing must live in overcrowded or substandard homes. Residents suffer in many ways when they lack privacy, don't have a place to do homework, must sleep on the couch and are exposed to lead paint, dust mites and other allergens, or live in a neighborhood without parks, sports leagues, library branches and schools that meet their families' needs.

Affordable Homes Improve Lives

The good news is that the converse is true. A home that's affordable, safe, and secure for residents – especially if it's energy-efficient, near transit and in a good school district - can provide residents with huge benefits. Transit and heating costs are lower and there is disposable income for other necessities. Residents can take advantage of community services and school performance improves.

 

For housing assistance or services, please contact the United Way's InfoLine by dialing 2-1-1. 

 

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