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.
