Affordable Housing Effective at
A recent Fast Focus brief, Unaffordable America: Poverty, Housing, and Eviction, examines the rising cost of housing, the consequences associated with eviction, and how affordable housing initiatives can help to alleviate poverty in low-income communities.
According to the brief, the high cost of rent and utilities, combined with low wages, causes many poor families who rent to spend at least 50% of their income on housing. As a result, these households have a higher risk for eviction, with poor women and low-income families living with children most at risk.
In 2013, approximately 23% of low-income renting families received housing subsidies. The brief notes that poor renters with no housing assistance are at a high risk of eviction, which is associated with loss of employment, mental health issues, and homelessness.
The brief asserts that safe and affordable housing initiatives are the most effective way to eliminate the risk of eviction and should be at the forefront of every policymaker mind working to end poverty.
Housing choice vouchers are critical to the creation of affordable housing. The funding in the President’s budget for 67,000 new Housing Choice vouchers can help make more affordable housing a reality in New Jersey.
The full report can be accessed here.