News Round-Up: The Affordable Housing Shortage, Explained

Sequestration is already having a clear impact on low income renters across the U.S. As Fox 5 DC reported, the DC Housing Authority is already making tough choices to balance the cuts required by sequestration with the agency’s mission to house the lowest income residents of DC. According to the Fort Worth Star-Telegram, the housing agency in that city is in the process of cancelling vouchers recently issued to low income families, taking away vouchers from households that had not already found an apartment during the period allowed.

While sequestration will reduce the amount of affordable rental housing made available by the federal government, market conditions are the cause of the majority of the existing housing shortage. Affordable Housing Finance explains that severe housing cost burden- where low income renters pay 50% or more of their income for rent- is a problem in every state in the nation. As Progress Illinois explains, many in that state pay more than half their income for rent, leaving little left for other necessities like food or medical care.

The Washington Examiner takes us back to the nation’s capitol with a video on what the rental housing shortage means for those who are trying to escape homelessness. An article in the Stamford Advocate shows the struggle both low and moderate income households go through when attempting to rent in America’s highest-cost cities.

Trackbacks

  1. […] NHILC: Affordable housing shortage, explained […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: