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More Working Households Face Severe Housing Burden

Center for Housing Policy
 

More working renters experienced a severe housing cost burden (when more than 50 percent of household income goes towards housing costs) in 2011 than in the previous three years.  The Center for Housing Policy released their report - An Annual Look at the Housing Affordability Challenges of America’s Working Households - in May 2013, revealing that in 2011 over 25 percent of working renter households spent more than half of their income on housing costs.

In Connecticut, 24 percent of working households experienced a severe housing cost burden in 2011.

The following are national findings from the report.

  • Working households making less than 30 percent of area median income were more likely to experience a severe housing cost burden.
  • One-year improvements in incomes for working households reduced the incidence of severe housing cost burden among working owners but not among working renters in 2011.
  • Declining incomes have worsened housing affordability problems for working renters while the rate of severe housing cost burden among working owners has remained relatively steady since 2008.

Read the full report.  An Annual Look at the Housing Affordability Challenges of America’s Working Households
 

 
 

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