A study by Enterprise Community Partners and Harvard's Joint Center on Housing Studies includes dire predictions about the future of an already-deeply-troubled rental market.
"The number of U.S. households that spend at least half their income on rent—the 'severely cost-burdened,' in the lingo of housing experts—could increase 25 percent to 14.8 million over the next decade," reports Patrick Clark.
That prediction comes from a new report from Enterprise Community Partners, a non-profit affordable-housing group, and Harvard’s Joint Center on Housing Studies. The data also includes a demographic angle that shows that some groups in the country will take more of the growing burden than others. "More than 1 million households headed by Hispanics and more than 1 million headed by the elderly could pass into those ranks," adds Clark.
FULL STORY: The Rent Crisis Is About to Get a Lot Worse
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HUD Updates Fair Market Rate Definition
The U.S. Department of Housing and Urban Development announced two actions last week intended to expand the reach of federal housing voucher programs.
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National Parks Layoffs Will Cause Communities to Lose Billions
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Delivering for America Plan Will Downgrade Mail Service in at Least 49.5 Percent of Zip Codes
Republican and Democrat lawmakers criticize the plan for its disproportionate negative impact on rural communities.
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Balancing Bombs and Butterflies: How the National Guard Protects a Rare Species
The National Guard at Fort Indiantown Gap uses GIS technology and land management strategies to balance military training with conservation efforts, ensuring the survival of the rare eastern regal fritillary butterfly.
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