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Compare Jurisdictions ConnecticutWaterbury HMFAAnnual Income Needed to AffordZero-Bedroom$39,331$31,640One-Bedroom$46,861$38,400Two-Bedroom$57,820$47,60023 more rows

Programs and Initiatives Affordable Housing Program (AHP) (also known as Flex) HOME Investment Partnerships (HOME) Housing Trust Fund. Land Bank Land Trust. Housing for Elderly Persons. Congregate Development Program. Affordable Homeownership Program. State-Sponsored Housing Portfolio.

Generally, the family's income may not exceed 50 percent of the median income for the county or metropolitan area in which the family chooses to live. [By law, a PHA must provide 75 percent of its vouchers to applicants whose incomes do not exceed 30 percent of the area median income.]

The maximum housing assistance is generally the lesser of the payment standard minus 30% of the family's monthly adjusted income or the gross rent for the unit minus 30% of monthly adjusted income.

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Additionally, CHFA establishes standard income limits applicable to many of its homebuyer programs. The income limits vary by municipality and household size, ranging from $86,300 for a one or two person household to $170,800 for a household of three or more.

Programs and Initiatives Affordable Housing Program (AHP) (also known as Flex) HOME Investment Partnerships (HOME) Housing Trust Fund. Land Bank Land Trust. Housing for Elderly Persons. Congregate Development Program. Affordable Homeownership Program. State-Sponsored Housing Portfolio.

The common definition of an affordable home is one where the resident spends no more than 30% of their income to pay the rent or mortgage. Supportive housing is also considered affordable, but goes a step further to include access to additional services or resources that low-income residents may need.