NLIHC Releases Out of Reach 2023: The High Cost of Housing
National Low Income Housing Coalition - June 14, 2023
"This year’s report shows how high rents have combined with the expiration of many pandemic-era benefit programs to exacerbate the financial insecurity of low-income renters, leading to higher eviction filing rates and increased homelessness."
https://nlihc.org/news/nlihc-releases-out-reach-2023-high-cost-housing
Minimum-wage workers would need to log 104 hours a week to reasonably afford a two-bedroom rental
"There is no U.S. state, metropolitan area or county where a minimum-wage worker clocking 40 hours a week could reasonably afford a “modest two-bedroom rental home” with an average fair-market rent of $1,486, according to a report out Wednesday from an affordable-housing advocacy group."
#RealEstate #Housing
#NLIHC #OOR #OutOfReach
#MarketWatch #EOckerman
NLIHC Releases The Gap 2023: A Shortage of Affordable Homes
“The report finds a national shortage of 7.3 million affordable and available rental homes for extremely low-income renters – those with incomes at or below either the federal poverty line, or 30% of their area median income (whichever is greater).”
https://nlihc.org/news/nlihc-releases-gap-2023-shortage-affordable-homes
Matt Maison