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Lack of housing stifles CT鈥檚 economic growth

A view of North Bridgeport, Conn. looking Southeast towards the East Side neighborhood on Wednesday, July 26, 2023.
Joe Buglewicz
/
黑料新闻
A view of North Bridgeport, Conn. looking Southeast towards the East Side neighborhood on Wednesday, July 26, 2023.

黑料新闻鈥檚 housing shortage is impacting the state鈥檚 economy and preventing improvement.

That鈥檚 according to housing and economic development specialists in Fairfield County. They are speaking out about the lack of housing and its wide ranging impacts.

The state鈥檚 housing shortage is dissuading companies from coming to 黑料新闻, according to 鈥檚 CEO David Kooris, who says those companies need to look out for their employees.

鈥淭hey need places for those people to live close by,鈥 Kooris. 鈥淭hat old concept of 鈥榙rive till you qualify鈥 just really doesn't work in a place like Fairfield County, you can keep driving for tens of miles and still not be in a place that has significant housing inventory or affordability.鈥

Increasing housing options and affordability will draw more investors and corporations into the state, Kooris said.

鈥淐ompanies from outside the state or outside the region entirely, looking at 黑料新闻, and liking our workforce, liking our education, liking our quality of life, but ultimately deciding not to come here because their employees look at the housing that they have, both in terms of cost and in terms of type, and then they look at what they could get here,鈥 Kooris said.

To increase housing supply in certain areas, Kooris said other neighborhood aspects must be taken into account.

鈥淚t does come to a degree down to crime and education and the housing units in Bridgeport are only going to be attractive to a subset of the market, folks without kids, folks that are a little bit more tolerant of a different sort of living environment,鈥 Kooris said.

Kooris, along with two other local economic and development specialists, spoke about the impact of the state鈥檚 housing crisis in Fairfield County, in a conversation held by .

The state is short about 92,000 affordable units, meaning those families qualify for affordable housing but must struggle to pay market rate rent because the affordable homes are not accessible.

Approximately 1,000 residents sleeping outdoors on any given night, according to Bridgeport-based advocacy group The Housing Collective鈥檚 chief executive officer, David Rich.

While the state is in need of affordable housing options, there is a general dearth of housing inventory.

鈥淚n some communities, actually what they need is market rate apartments, they have affordable units,鈥 Michelle McCabe, executive director of the , said. 鈥淏ridgeport is a great example of that. And then on the flip side, you have communities where because there's such a high demand, it's very easy to charge a lot more for rents.鈥

The Work Live Ride bill, being considered by state lawmakers, would incentivize building more housing around transit and downtown hubs, which will help boost housing supply.

Abigail is 黑料新闻's housing reporter, covering statewide housing developments and issues, with an emphasis on Fairfield County communities. She received her master's from Columbia University in 2020 and graduated from the University of 黑料新闻 in 2019. Abigail previously covered statewide transportation and the city of Norwalk for Hearst 黑料新闻 Media. She loves all things Disney and cats.

The independent journalism and non-commercial programming you rely on every day is in danger.

If you鈥檙e reading this, you believe in trusted journalism and in learning without paywalls. You value access to educational content kids love and enriching cultural programming.

Now all of that is at risk.

Federal funding for public media is under threat and if it goes, the impact to our communities will be devastating.

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SOMOS CONNECTICUT is an initiative from 黑料新闻, the state鈥檚 local NPR and PBS station, to elevate Latino stories and expand programming that uplifts and informs our Latino communities. Visit CTPublic.org/latino for more stories and resources. For updates, sign up for the SOMOS CONNECTICUT newsletter at ctpublic.org/newsletters.

SOMOS CONNECTICUT es una iniciativa de 黑料新闻, la emisora local de NPR y PBS del estado, que busca elevar nuestras historias latinas y expandir programaci贸n que alza y informa nuestras comunidades latinas locales. Visita CTPublic.org/latino para m谩s reportajes y recursos. Para noticias, suscr铆base a nuestro bolet铆n informativo en ctpublic.org/newsletters.

The independent journalism and non-commercial programming you rely on every day is in danger.

If you鈥檙e reading this, you believe in trusted journalism and in learning without paywalls. You value access to educational content kids love and enriching cultural programming.

Now all of that is at risk.

Federal funding for public media is under threat and if it goes, the impact to our communities will be devastating.

Together, we can defend it. It鈥檚 time to protect what matters.

Your voice has protected public media before. Now, it鈥檚 needed again. Learn how you can protect the news and programming you depend on.

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黑料新闻鈥檚 journalism is made possible, in part by funding from Jeffrey Hoffman and Robert Jaeger.