26% of Renter Households Have Extremely Low Incomes

NLIHC Shares Updated NJ State and
Congressional District Profiles

Congressional District ProfilesThe National Low Income Housing Coalition (NLIHC) has updated its Congressional District and State Housing Profiles with Out of Reach 2015 data. These one-page snapshots show affordable rental housing and affordability in each of New Jersey’s 12 Congressional Districts, the state of New Jersey and the 423 national Congressional Districts, 49 states, and the District of Columbia.

The Congressional District Profiles include:

  • The housing wage for Fair Market Rent (FMR) areas in each District. The one-bedroom or two-bedroom housing wage is the wage a full-time worker must earn in order to afford a one-bedroom or two-bedroom FMR apartment, respectively, without spending more than 30% of his or her income on rent,
  • The number of hours a person needs to work at minimum wage in order to afford a FMR two-bedroom apartment, and
  • Information on housing cost burdens and the shortage of affordable and available rental units by income group, using Comprehensive Housing Affordability Strategy (CHAS) data. CHAS provides custom tabulations of Census data focusing on housing needs and problems. NLIHC will integrate new 2008-2012 CHAS data into the Congressional District Profiles after a revised version of CHAS is released by HUD this fall.

In the State of New Jersey, 26% of renter households have extremely low income, the housing wage to afford a 2-bedroom apartment is $25.17 and there is a shortage of 210,481 of units affordable and available for extremely low income renters.

Now is the time to increase federal Housing Choice Voucher program funding, end the sequester and raise the budget caps.

Click here for more information on the NLIHC’s NJ State Housing Profile and Congressional District Profiles.