Number of Working Family Renters Paying More Than Half Their Income for Housing Doubles
"The number of low- to moderate-income working family renters paying more than half their income for housing has doubled—growing faster than the number of working family homeowners with this problem—according to a new study entitled The Housing Landscape for America’s Working Families, 2007 conducted by the Center for Housing Policy. Specifically, the study found that the number of working family renters paying more than half their income for housing grew 103 percent from 1 to 2.1 million between 1997 and 2005. The number of working family homeowners paying more than half their income for housing increased at a significantly slower rate, rising 75 percent from 1.4 million to 2.4 million during the same time period."
To read more and see some of the actual data for your area, click on the following link: http://www.nhc.org/housing/landscape2007
SOURCE: Center for Housing Conference Media Release
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