CT Housing Program for Economic Growth

I attended an interesting meeting yesterday sponsored by the Eastern CT Board of Realtors®.  It was a discussion of proposed legislation, HB 7149: Connecticut Housing Program for Economic Growth.  I’m still digesting the information and formulating my opinion and I do plan a blog in the future after review of the actual bill.  In the meantime, there were 3 statistics mentioned that are quite shocking about the state of the State of Connecticut.

1.  Connecticut has lost a higher percentage of 25-34 year olds, than any other state in the nation.

2.  Housing costs have risen more than 64% since 2000, while wages have risen less than 20%.

3.  In 157 of 169 municipalities in the State of Connecticut, the median household income CANNOT quality for a mortgage to buy the median sales priced home.

 Clearly, there is a housing crisis in Connecticut.