The gap between median renter income and median rent widened in 2018, new Census data show, with median rent rising 2.1 percent in inflation-adjusted terms but median renter household income rising just 1.6 percent, to $40,500. Today’s data underscore the continued need for additional federal rental assistance.
The findings...
Update, May 16: We’ve updated this post.
Federal rental assistance helps low-income families afford stable housing and prevents homelessness in every state, as our new interactive state fact sheets...
As the nation’s largest federal rental assistance program, Housing Choice Vouchers have the unique potential to help low-income families move to neighborhoods with low poverty, low crime, and good schools. Yet families using vouchers in most of the 50 largest metropolitan areas live in less...
Renters’ incomes still lag far behind housing costs, the latest Census data show. In 2017, the typical renter household earned $38,900, the same as 16 years ago after adjusting for inflation. Median housing costs rose 10.7 percent in inflation-adjusted terms over that period. (See graph.)...
Update, May 11, 2018: we’ve updated some of the figures in the text and chart.
Under President Trump’s proposal to raise rents by up to $1,800 a year on the poorest households receiving federal rental assistance — virtually all of which have annual incomes of less than $7,000 — roughly 1.7...
Update, April 27: For an updated post reflecting the Administration’s latest proposal, see https://www.cbpp.org/blog/trump-plan-to-raise-minimum-rents-would-put-nearly-a-million-children-at-risk-of-homelessness-0.
Under President Trump’s proposal...
The pending Republican tax bill threatens to deeply undermine programs that help low-income Americans keep a roof over their heads, just as a new report shows that the number of struggling renters will likely remain high in the coming years. Nearly a third of new jobs in the coming decade will be low-wage jobs, which typically...
Federal rental assistance plays a vital role in urban, suburban, and rural communities alike, our new analysis shows, helping 10 million people in over 5 million low-...
The number of very low-income households with serious housing problems rose in 2015 despite an improving economy, a new Department of Housing and Urban Development (HUD) report finds. Over 8 million households had “worst-case housing needs” in 2015, meaning they are renters with incomes below half the local...
Housing Choice Vouchers help low-income families afford stable housing, prevent homelessness, and strengthen local communities in every state, as we detail in our updated interactive Housing Choice Voucher state fact sheets....
