February 10, 2020: We have updated the number of renter households paying more than 30 percent of their income for housing.
Despite a strong economy, the number of renter households paying too much for housing — more than 30 percent of their income, the federal government’s threshold for unaffordability — rose to nearly 21 million in 2018,...
Growth in median rents has outpaced growth in median renter income since 2001 in nearly every state, as we explain in our updated state rental assistance fact sheets. About 23 million low-income renters pay more than half of their income for housing, partly due to this gap between rental costs and income....
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...
Nearly 70 percent of people receiving federal rental assistance are children, seniors, or people with disabilities.
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-...
