Marin among nation's top three most expensive places for renters

Marin among nation's top three most expensive places for renters

Marin among nation's top three most expensive places for renters

"A full-time worker earning the federal minimum wage of $7.25 needs to work approximately 122 hours per week for all 52 weeks of the year, or approximately three full-time jobs, to afford a two-bedroom rental home at the national average fair market rent", the report said.

The National Low Income Housing Coalition report shows that to afford a two-bedroom apartment in Charlotte, a worker would need to earn $18.60 an hour.

Here in Washington, workers need to make $19* an hour to afford a studio apartment, $22 for a one-bedroom, $27 for a two-bedroom, and $39 for a three-bedroom.

Even the $15 hourly wage touted by labor activists would not be enough to make housing affordable in the overwhelming majority of states, the coalition found.

The report says, "The struggle to afford modest rental homes is not limited to minimum-wage workers".

The hourly wage the NLIHC uses throughout the report is called a "housing wage".

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After 40 years, the Cleveland Tenants association folded due to a lack of funding, leaving low-income renters without an organization specifically working to educate tenants and landlords, empower the community, and advocate for affordable, fair, and quality rental housing.

The number of renters has increased by almost 10 million since 2005, but most new rental construction over the past ten years has been geared toward the high end of the rental market.

According to the report, a worker earning minimum wage would have to work 99 hours per week all year long to afford a one-bedroom home. The states the report found to have the greatest disparities between wages and renting costs include the usual suspects, like Hawaii (-$19.98), Maryland (-$11.53), California (-$11.18) and New Jersey (-$9.96).

"In America today, almost 11 million families pay more than half of their limited incomes toward rent and utilities", Sanders writes. Six-figure salaries considered low income in some Bay Area countiesThat's according to a study by the National Low Income Housing Coalition, an affordable housing advocacy group. That's based on the common budgeting standard of spending a maximum of 30 percent of income on housing.

Champlain Housing Trust will build 76 new apartments this summer in Burlington and 60 additional units in South Burlington later in the year thanks to a $37 million bond to VHCB, Donelly said. To afford a two-bedroom apartment, you'd need to make more than $60 an hour. The number of homes renting for $2,000 or more per month almost doubled between 2005 and 2015. Housing and Urban Development Secretary Ben Carson recently proposed tripling rent for the poorest households and making it easier for housing authorities to impose work requirements on those receiving rent subsidies. Bernie Sanders of Vermont wrote in the report's preface.

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