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February 1, 2010 -- Connecticut median sales prices for single-family homes fell 10.1% in 2009, a full-year picture that changed somewhat when prices rose in five of Connecticut’s eight counties in December. The $240,500 year-end median sales price was down about 18% from the state’s price peak in 2007, a smaller decline than a national average above 30%. Connecticut Association of Realtors President Robert Kennedy said last week the statewide price decline occurred mostly at the higher-price end of the spectrum, reflecting the supply shortage of affordable and modest-market rate homes in the state. The widely acknowledged supply shortage of those homes has led many housing experts to predict a significant rise in prices when demand picks up. Click here to read more and to view statistics from the Warren Group.
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January 5, 2010 -- Gov. Rell's veto of a deficit mitigation plan passed by the General Assembly over the holidays provided the HOMEConnecticut program with a temporary reprieve. The program was slated for a $380,000 reduction under the plan passed by Democratic majorities in the House and Senate. That would have left $2 million for planning and technical assistance grants, and incentive payments, to municipalities taking part in the program. But because the bill cut spending by only about $12 million and also delayed a reduction in the estate tax, Gov. Rell vetoed the measure. .............................. |
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December 22, 2009 -- The General Assembly reduced or delayed funding for supportive housing, HOMEConnecticut and other affordable housing programs Dec. 21, when it passed a deficit mitigation plan -- SB2101 -- for the fiscal year ending June 30, 2010. The bill has been sent to Gov. Rell for her approval. The bill identifies a number of budget cuts meant to address the state’s projected $470 million budget deficit, including reducing funds to the HOMEConnecticut program (the Housing Program for Economic Growth) by $380,000. Read more. .............................. |
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December 22, 2009 -- Despite the drop in home prices fueled by the foreclosure crisis, Connecticut and 12 other states saw the number of low- to moderate-income households burdened by their housing costs jump markedly between 2005 and 2008. Of Connecticut's 574,233 households making 120% of median income or less, 127,380 or about 22% were spending more than half their income on housing, according to a new report from the Center for Housing Policy entitled Housing Affordability Trends for Working Households. Read more. .............................. |
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December 21, 2009 - The Partnership for Strong Communities is seeking a Development Director. The Development Director, a new position for the Partnership, will work with Diane Randall, Executive Director, an energetic team of professionals and an influential board to consolidate and build a state-of-the-art development program for a dynamic organization, positioned for growth. Read full job description here. .............................. |
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December 9, 2009 -- The Appropriations Committee is holding a hearing today on Governor Rell’s proposed budget cuts. In her testimony Diane Randall, Executive Director of the Partnership for Strong Communities, urges the committee to reject Gov. Rell’s proposals to eliminate funding for HOMEConnecticut and cut housing/homelessness services in her deficit mitigation plan. - Read Randall's testimony here. .............................. |
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HOMEConnecticut is a statewide campaign aimed at increasing
the stock of affordable housing in Connecticut.
The HOMEConnecticut Steering Committee
Chair:
William Cibes
Chancellor Emeritus,
Connecticut State University
Vice Chairs:
John Rathgeber
Connecticut Business and Industry Association
Andrea Pereira
Local Initiatives Support Corporation
Luis Caban
Southside Institutions Neighborhood Alliance
Includes over 40 leaders in business, banking, academia,
land use, government, law,
philanthropy, real estate,
advocacy, and housing
development.
Staffed by the

Diane Randall
David Fink
Shelby Mertes
Christina Rubenstein
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Mike Hanley
Senior Consultant |
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