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Essay / Research Paper Abstract
A 6 page paper which
examines the conditions of affordable housing in Hartford County, Connecticut.
Bibliography lists 10 sources.
Page Count:
6 pages (~225 words per page)
File: JR7_RAhartfd.rtf
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Unformatted sample text from the term paper:
if housing affordable or not, are still intricately linked with the conditions that create affordable housing, or perhaps more accurately, those realities which encourage a lack of affordable housing. In
these respects, and many more, the county of Hartford in Connecticut stands as a general example of conditions which exist across the country. In the following paper we examine
the conditions of affordable housing in Hartford County, Connecticut and then discuss any sides to possible controversy concerning affordable housing in this region of the country. Affordable Housing "In
1998 the state experienced the largest growth in permits since 1990. According to housing statistics from the Bureau of the Census, Connecticut permit authorization reached 11,863 units in 1998" (Department
of Economic and Community Development, 2002). However, while permits for building continued to rise, so did the cost of that housing. "According to the Connecticut Policy and Economic Council (CPEC),
Connecticuts median sales price rose 1.4 percent from $138,000 in 1996 to $140,000 in 1997. The number of home sales increased by 3,356, or 8.5 percent. The average (mean) home
price in Connecticut was slightly over $204,000, compared with $195,000 a year ago" (Department of Economic and Community Development, 2002). It is interesting, though not surprising, to note that
when building and prices both increase there is often a trend towards needing more affordable housing as all the newer homes are expensive and cater to the wealthier. We note
that, "There is a significant demand in the Connecticut housing market for affordable, entry-level housing. A sizable down payment is needed to make monthly mortgage payments affordable even in a
time of lower interest rates" (Department of Economic and Community Development, 2002). As such, "It can be difficult for entry-level buyers, even families with two incomes, to accumulate sufficient funds.
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