In a new analysis of 17 Fairfield County towns’ affordable housing plans, the median community received a ranking of 2.5 out of 5, showing scattered progress for many towns and room for improvement on equity and other issues in others.
The plans, which were supposed to be submitted to the state in June, marked an important test of whether towns would take seriously the task of addressing Connecticut’s affordable housing need. The need has mounted to more than 85,000 units for its lowest-income residents.
As housing affordability drops across the country, many question whether homebuying is still an option. But one Connecticut real estate expert says for some buyers, it could be the perfect time.
If you own a piece of property on the Connecticut shoreline or in close proximity to a river, you may soon be facing a shocking bill for flood insurance: $4,000, $6,000, $10,000, or more.