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News :: Miscellaneous |
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Out of Reach |
Current rating: 0 |
by National Low Income Housing Coalition
(No verified email address) |
02 Oct 2001
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America’s Growing Wage-Rent Disparity |
Many people know that millions of households in the United States cannot afford to pay for decent housing. Far fewer people know the extent of the affordability problem in their own communities. The National Low Income Housing Coalition produces Out of Reach in an effort to provide this information to policy makers and advocates. Out of Reach contains income and rental housing cost data for the fifty states, the District of Columbia, and the territory of Puerto Rico by state, metropolitan area, and county or, in the case of New England, town. For each, it calculates the income that renter households need in order to afford rental housing and estimates how many of these households cannot afford to pay the Fair Market Rent (FMR), and what they would need to earn to pay the rent and keep their housing costs at 30 percent of their income, the generally accepted standard for affordability established by Congress and the Department of Housing and Urban Development.
Follow the link below to access the report. You can find information about specific areas and their housing costs. For the Champaign County area, it takes a wage of at least $9.29 an hour (40 hour week) to afford a typical one-bedroom rental. |
See also:
http://www.nlihc.org/oor2001/
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