Rural News
Jennifer Emerling / There Is More Work To Be Done
Jennifer Emerling / There Is More Work To Be Done
U.S. Renters Face Growing Affordability Problems
Harvard Joint Center for Housing Studies analyzes rental housing affordability in the U.S.
For the first time, more than half of all renters in the U.S. spend more than 30 percent of their income on rent, according to a new report released by the Harvard Joint Center for Housing Studies. This report, supported by The MacArthur Foundation, finds affordability problems for renters have skyrocketed over the past decade both in number and the share of renters facing them.
The report also finds that the number of Americans who are renting their homes is increasing. More information about the report is available via a webcast featuring U.S. Secretary of Housing and Urban Development Shaun Donovan, Colorado Governor John Hickenlooper, and U.S. Senator Mark Warner of Virginia.