4 Hartford Business Journal • June 1, 2020 • www.HartfordBusiness.com
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ed the need for most New Horizons residents
to have their own apartment, where they're
better able to control the risk of coming in
contact with coronavirus.
"I think now more than ever, with what
we have all experienced with COVID-19, we
realize how difficult it is to have strangers
live together," Fitzgerald said. "I think it just
speaks to the fact that we really need these
single units."
But while it's unclear when New Horizons
will have the funds necessary to build the
project, Fitzgerald said she's confident state
and local officials will assist the nonprofit as
much as possible.
"It's a pleasure to be in Farmington,"
Fitzgerald said. "They just embrace the diver-
sity that we have to offer."
>> Town Profile continued
Farmington
General
Land area (sq. miles) 28
Median age 44
Population 25,422
Median household income $94,785
Unemployment rate 3%
Major Employers
UConn Health
Town of Farmington Board of Education
Raytheon Technologies
Otis Worldwide
ConnectiCare
Housing stock
Median price $327,900
Median rent $1,277
Government
Total revenue (2017) $112,959,339
Per capita tax $3,616
Actual mill rate 27.97
Grand List $3,654,033,214
Economy
Top employment industries Units Employment
Total government 22 6,196
Health care and social assistance 144 4,180
Finance and insurance 162 3,678
Top taxpayers (2018)
West Farms Associates $177,004,290
Dunn-Sager Affiliates $62,976,870
CL&P $48,431,150
Source: AdvanceCT
A rendering of New Horizons' planned new apartments for
physically disabled residents.
LATEST HEADLINES
Federal Bank predicts a CT surge
of pandemic-induced missed
rent and mortgage payments
The Federal Reserve projects that nearly
100,000 Connecticut homeowners and more than
170,000 renters are at risk of missing at least one
mortgage or rent payment, raising a specter of
pandemic-led homelessness, especially when
federal unemployment benefits end.
Jeffrey Thompson, an economist and director of
the New England Public Policy Center at the Federal
Reserve Bank of Boston, said 11% of Connecticut
homeowners and 36% of the state's renters are
vulnerable to missing at least one payment.
– Ana Radelat , CT Mirror
CT homebuilding permits
down 65% in April
New housing construction in Connecticut
plummeted to a three-year low in April during
what was the first full month of COVID-19-related
shutdowns, new data shows.
There were 212 single- and multifamily
permits issued last month in 104 towns and
cities, down roughly 65.4% from 613 permits
Continued on facing page >>
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