Housing Growth Fund
Connecticut is in a housing crisis. A shortage of housing at all levels of the market is accelerating rent increases, suppressing home sales, increasing housing insecurity, and stifling Connecticut’s economic growth. We need to build more homes in Connecticut—and cities and towns have a direct role to play in making sure we do.
The Housing Growth Fund would reverse the current trend by paying municipalities for the housing that they build. Too much of Connecticut’s housing shortage is due to overly restrictive municipal regulations on homebuilding, preventing new development almost everywhere. We should reward the towns that are building needed homes in our state, and we should incentivize towns that are not. The Housing Growth Fund recognizes municipalities' desire to plan at the community level—but also recognizes the State’s need for more homes and the economic advantages that the state gains from investing in more housing.