housing instability
kkrisberg | November 15, 2013While homelessness among U.S. veterans is on the decline, significant housing challenges remain, according to a new report from the National Low-Income Housing Coalition.
Released this week just a day after Veterans Day, the report finds that in 2011, more than a quarter of the nation’s 20 million veteran households experienced a housing cost burden (defined as spending more than 30 percent of income on housing costs and utilities) and more than 1.5 million veterans were severely cost burdened (spending more than half of their incomes on housing costs and utilities). Within those numbers,…
lborkowski | March 29, 2013by Kim Krisberg
In California, a minimum wage worker has to work at least 98 hours in a week to afford a two-bedroom unit at fair market rental prices. In Texas, that worker would have to work between 81 and 97 hours in a week, and in North Carolina it's upward of 80 hours per week. In fact, in no state can minimum wage workers afford a two-bedroom apartment working a standard 40-hour week without spending more than 30 percent of their income on rent — the percentage historically used to determine fair rental prices.
"What we've been witnessing is basically exactly what we've been expecting…