Posts Tagged ‘affordable housing’

The Affordability Factor How can you decide whether or not you can afford to buy a home? The biggest part of house affordability is the interest rate because it determines your monthly principal and interest payment. Let’s look at a $100,000 loan amount, a thirty-year fixed rate mortgage, interest rates, and monthly payments. The table below shows the difference the interest rate can ... Full story

From Canton to Old Saybrook, towns can’t find enough volunteer firefighters because many potential volunteers can’t afford to live in those communities. In Falls Village, the new kindergarten class has only five children enrolled because young parents can’t afford to live in Litchfield County. In Groton, skyrocketing housing costs have caused the Pfizer ... Full story

Homeownership has many benefits, but they do come with a cost, and for most it can be the biggest purchase you will make in your life. How do you come up with the down payment? Some employers are offering their employees more than vacation and health benefits by implementing and maintaining an Employer-Assisted Housing program (EAH).  EAH was born around 1980, when some employers ... Full story