Affordable Housing

  • The financial pain of middle- and low-income renters, By Aimee Picchi, June 22, 2016, CBS News: “Even as home prices continue to recover from the last decade’s housing collapse, there’s another crisis developing: sky-high rent burdens. About 11.4 million American households are paying more than half of their incomes to afford their rent, a record high, according to a new report from Harvard’s Joint Center for Housing Studies…”
  • 11 million Americans spend half their income on rent, By Kathryn Vasel, June 22, 2016, CNN Money: “More Americans are struggling to make rent.  The number of renters dedicating at least half of their income toward housing hit a record high of 11 million people in 2014, according to the annual State of the Nation’s Housing Report from the Joint Center for Housing Studies of Harvard University.  A total of 21.3 million are spending 30% or more of their paycheck to cover the rent — also a record high…”

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