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Out of Reach 2012
Author(s): Elina Bravve, Megan Bolton, Linda Couch, Sheila Crowley
Publication Date: 2012
Out of Reach is a side-by-side comparison of wages and rents in every county, Metropolitan Area (MSAs/HMFAs), combined nonmetropolitan area and state in the United States. For each jurisdiction, the report calculates the amount of money a household must earn in order to afford a rental unit in a range of sizes (0, 1, 2, 3, and 4 bedrooms) at the area’s Fair Market Rent (FMR), based on the generally accepted affordability standard of paying no mor...
Affordable Housing Dwindles As Need Grows
Author(s): Dean Faust, Linda Couch
Publication Date: 2010
Funding for low-income housing has been falling for years. And nationwide, many public housing units have been torn down. The wait for housing vouchers in some cities can now last a decade, just as the recession has left more Americans struggling to pay the rent. Listen to the story:
Out of Reach 2012: America's Forgotten Housing Crisis
Author(s): Elina Bravve, Megan Bolton, Linda Couch, Sheila Crowley
Publication Date: 2012
Although the recession may have temporarily stalled the rising cost of housing in the United States, it did not result in increased access to affordable rental housing for households that need it most: extremely low income families facing the greatest housing cost burden. As demand flooded the rental market over the past year, indicated by the vacancy rate dropping to the lowest level since 2001, rental costs have begun to inch up, impacting tho...