Norwalk is the sixth most populous city in Connecticut, nestled along the northern shore of the long island sound and acting as a significant cultural and economic hub. As part of the New York metropolitan area, Norwalk includes several distinct neighborhoods and a dynamic population. The booming real estate market and increasing demand for both residential and commercial properties have led to a rise in property values, putting pressure on the rental market. This has made it difficult for new residents and lower-income families to find affordable housing. In March 2023, the City of Norwalk requested a ULI Advisory Service Panel to review the ongoing development of the city’s Affordable Housing Plan and provide recommendations around increasing housing for all income levels throughout the city.
Norwalk is the sixth most populous city in Connecticut, nestled along the northern shore of the long island sound and acting as a significant cultural and economic hub. As part of the New York metropolitan area, Norwalk includes several distinct neighborhoods and a dynamic population. The booming real estate market and increasing demand for both residential and commercial properties have led to a rise in property values, putting pressure on the rental market. This has made it difficult for new residents and lower-income families to find affordable housing. In March 2023, the City of Norwalk requested a ULI Advisory Service Panel to review the ongoing development of the city’s Affordable Housing Plan and provide recommendations around increasing housing for all income levels throughout the city.
