Groton Economic Development: Groton Will Face Significant Housing Demand Over Next Decade

Press release from Groton Economic Development:

October 15, 2021

A new housing market study projects that Groton will face "a significant unmet housing demand" over the next decade, with hiring at Electric Boat among the major drivers.

Daniel Stevens, senior project manager at Camoin Associates, an economic development consulting firm based in Saratoga Springs, N.Y., presented the study findings to the Town Council this week.

The purpose of the study was to determine the amount and types of housing that the market can support being developed in town and if existing development projects will fully meet future demand, according to the presentation.

This press release was produced by Groton Economic Development. The views expressed here are the author’s own.