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CT General Statute 8-30g was enacted in 1989 seeking to increase the supply of Affordable Housing in the State of CT. 8-30g requires all municipalities in CT to achieve 10% of its housing stock as Affordable Housing as defined by the State. In towns that have less than 10% Affordable Housing, 8-30g allows a developer to override local zoning regulations and build housing as long as 30% of the units are guaranteed to remain Affordable.
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The US Department of Housing & Urban Development (HUD) defines Affordable Housing as housing where the occupant is paying no more than 30% of gross income on housing, including utilities. Households paying more than 30% of gross income on housing are considered “housing or cost burdened”.
States and local governments determine eligibility for Affordable Housing. Commonly, households earning 80% of the Area Median Income (AMI) is the threshold for eligibility. In Connecticut, 80% of AMI is the threshold.
Every year, the US Dept of Housing & Urban Development (HUD) calculates and publishes the AMI for every geographic region in the country using data from the US Census-based American Community Survey.
Per CT General Statute 8-30g, Affordable Housing is defined as:
1.68% of Madison’s total housing stock is considered Affordable as defined by Statute 8-30g. (September 2023)
The Area Median Income (AMI) in Madison = $111,900.00 (2023 HUD)
Households earning not more than 80% of Area Median Income (AMI) are eligible for Affordable Housing in Madison.
To not be “housing or cost burdened”, total housing costs are less than 30% of the income of a household earning 80% of the Area Median Income (AMI). AMI in Madison = $111,900.00 (2023 HUD).
TOTAL ASSISTED = 135 = 1.68% of all housing units in Madison
** as of September 2023