HOUSING AND BUSINESS DEVELOPMENT As housing shortages and affordability become pressing issues nationwide, Wallingford is taking proactive steps to address these challenges head-on. Mayor Cervoni discusses the town’s strategy. “We’re meeting with developers to try and increase moderate-income housing in town.” This initiative is crucial as companies like Holo-Krome, Ulbrich, Amphenol, and BYK attract young professionals who need affordable housing options. The mayor explains the dual-edged nature of Wallingford’s real estate market: “We are both blessed and cursed with precious real estate. Since Covid-19, the value of real estate has increased substantially. It’s a great time to sell your house but a challenging time to buy here.” The current inventory shortage, with often no more than eight houses for sale at any time, exacerbates the situation. Mayor Cervoni elaborates, “We are looking for opportunities to increase affordable and moderateincome housing so that young people who have 231 CIVIL AND MUNICIPAL VOLUME 05, ISSUE 09 WALLINGFORD, CT
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