Tag: Homeowners

More than a Quarter of Homeowners in U.S. Are ‘House Poor’

The Center Square

Nationwide 27.4 percent of homeowners are considered “house poor,” meaning they spend more than 30 percent of their income on housing costs.

However, in some U.S. cities, far more Americans are living beyond their means, according to research from the U.S. Chamber of Commerce. In Hialeah, Florida, 59.3 percent of homeowners are spending more than 30 percent of their income on housing costs. While Hialeah has the highest percentage of homeowners spending more than 30 percent of their income on housing costs, it was not alone.

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Tong: Connecticut Homeowners Should Be Aware of Solar Power Contracts

The Center Square

Residents are being advised to research solar companies before entering into contracts, Attorney General William Tong said.

The state’s top law enforcement official and Michelle Seagull, commissioner of the Department of Consumer Protection, are warning Connecticut homeowners who are interested in installing solar panels on their property to perform research and be cognizant of misleading marketing and high-pressure sales tactics.

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MyHomeCT to Assist Homeowners Financially Impacted by COVID-19

The Center Square
Mother putting mask on child

A federally funded program designed to assist Connecticut homeowners negatively impacted by COVID-19 is now available, Gov. Ned Lamont said.

The governor announced MyHomeCT, a new state program, is funded with $123 million in American Rescue Plan Act dollars that were received by the state’s Department of Housing. The program is being administered by the Connecticut Housing Finance Authority.

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