Category: Affordable Housing

Report: Affordable Housing Increasingly Unavailable to Low-Income Renters

Here at the Alliance, we believe that homelessness has a solution: housing. This solution sounds simple, right? In many ways, it is.

So if the solution to homelessness is so simple, why haven’t we ended homelessness yet? In large part, the answer lies in a lack of affordable housing. Recent economic and housing trends have resulted in a shortfall of affordable housing, particularly for low-income households. This in turn has left many people homeless and many more people vulnerable to homelessness.

A recent report on housing and rental market trends from the Joint Center for Housing Studies at Harvard University, The State of the Nation’s Housing, shows that rents have been rising across the nation while the supply of affordable housing has been falling. The growing disparity has forced many low-income renters (particularly those in high-cost markets) into precarious positions and placed them at particular risk of homelessness.

Why Minimum Wage Isn’t Enough

Picture this: Jane Doe is a single adult working a full-time (40 hours per week) minimum wage job. Jane wants to rent a modest one-bedroom apartment. No matter where Jane lives in America, and regardless of whether Jane lives in a state with a minimum wage higher than the federal minimum wage, Jane will be unable to do so.

Why? Because there’s no state in America in which a person working full-time earning minimum wage can afford to rent a one-bedroom apartment.

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