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The Salisbury Housing Trust, Inc. grew out of The Salisbury Forum, a series of well attended town
meetings, sponsored by the Salisbury Association in the Fall of 2000.
The purpose of the Forum was to identify
and address concerns with respect to the preservation of the unique character of the Town and the quality of life for ALL
its citizens going forward. Affordable housing emerged as the top priority.
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A
great example of a Salisbury Housing Trust new home!
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MISSION:
The mission of The Salisbury Housing Trust, Inc. is to make home ownership
a reality for Salisbury Township workers, residents, and volunteers. The focus is on providing homes through private (non-governmental)
funding.
OBJECTIVES:
We are building single family two and three bedroom homes which will be priced
to sell below the current median home sales price. Factors helping to keep the price affordable include the following:
-The Salisbury Housing Trust, Inc. retains ownership of the underlying land through a ground lease arrangement,
and the buyer pays only for the dwelling.
-We seek the support of town residents and institutions through generous
donations.
-We sincerely believe that this initiative is of long-term importance to the Town of Salisbury and encourage
you to join the effort. For further information, please write or call us at:
The Salisbury Housing Trust, Inc.
24
Main Street
P.O. Box 52
Salisbury, CT 06068
salisburyhousingtrust@gmail.com
The Salisbury Housing Trust, Inc., a 501(C) 3 organization is a not-for-profit corporation,
incorporated in the State of Connecticut on March 5, 2002. Donations are tax-exempt to the full extent allowed by law.
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A
great rehab of an existing older home done by Salisbury Housing Trust!
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WHY AFFORDABLE
HOUSING?
Rapidly escalating real estate prices and a scarcity of raw land have produced a median home sale price in the
Town Salisbury of $477,000.00 as of December 2005, which is significantly out of reach for many of many townspeople.
Among the families whose income is below the $75,000.00 median income are many who provide the professional
and critical skills and services necessary to daily life in the community, and who aspire to be first-time home buyers. Many
long-term residents who are quite literally part of the heart and history of the Town are faced with diminished resources
as a result of retirement.
These groups, and others similarly affected, participate in a significant way in volunteer
fire, ambulance and other critical services so vital to the community.
WHAT IS AFFORDABLE HOUSING AND WHO
IS ELIGIBLE?
The cost of affordable housing should not exceed 30% of the prospective buyer’s income. Those costs
include mortgage payments, taxes and insurance, but not utilities. Those eligible include lower and moderate income families
who live, work and/or volunteer in the community and who's income does not exceed 80% of the aveage town income for a family
of four.
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