The Growing Shortage of Affordable Housing
Posted on by Alissa DeJonge
Alissa DeJonge, AdvanceCT’s Vice President of Research welcomes Dr. Jeffrey Thompson, the Director of the New England Public Policy Center at the Federal Reserve Bank of Boston to discuss the findings in the latest research reported in, “The Growing Shortage of Affordable Housing for the Extremely Low Income in Massachusetts.”
While the report focuses on Massachusetts, Connecticut - and the new England region - are not immune, with high housing costs placing significant financial pressure on residents. A lack of affordable housing can decrease state and regional competitiveness, and have far reaching social welfare implications for our communities - as extremely-low income households often forgo spending on healthcare, food, childcare and other necessities, and a single financial shock can cause this group to fall behind on rent, leading to eviction, or even homelessness.
The full report, authored by Nicholas Chiumenti, can be found on the NEPPC website.