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Below-Market-Rate Housing

According to the National Low Income Housing Coalition's Out of Reach Report for 2021, Connecticut ranks as the 10th highest state in the nation in terms of the hourly wage needed to afford rental housing. A renter in the Norwich-New London region needs to earn a fulltime, hourly wage of $23.60 or an annual salary of over $49,000 to afford a modest 2-bedroom apartment. At Connecticut's $13 minimum wage, a single parent needs to work 73 hours a week to afford housing. For our region's poorest communities, housing is truly out of reach.

HOW WE'RE MAKING A DIFFERENCE...

 

Always Home has invested in four below-market-rate rental units in Groton, CT in order to provide a time-limited affordable housing option for eligible client families. By offering economically sustainable rents, this program gives low-income working families  the opportunity to improve their employment and financial stability, develop good tenancy skills, and build their savings.

 

Monthly rents are invested back into Always Home's mission, providing a reliable and sustainable income stream for our ongoing homelessness prevention programs.

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