The National Low Income Housing Coalition will release the findings of Out of Reach 2013 at a press conference on Monday, March 11 at 2pm EDT. Speaking at the press conference are Sheila Crowley, NLIHC President and CEO, Megan Bolton, NLIHC Research Director, and Barbara Poppe, Executive Director of the U.S. Interagency Council on Homelessness. Ms. Poppe authored the preface in the 2013 report.
Out of Reach is a side-by-side comparison of wages and rents in every county, metropolitan area, combined nonmetropolitan area and state in the United States. For each jurisdiction, the report calculates the amount of money a household must earn in order to afford a rental unit in a range of sizes at the area’s Fair Market Rent (FMR), based on the generally accepted affordability standard of paying no more than 30% of income for housing costs. From these calculations the hourly wage a worker must earn to afford the FMR for a two-bedroom home is derived. This figure is the Housing Wage, a term coined by NLIHC in the early 1990s.
Since 1999, the annual Out of Reach report has covered every county and metropolitan area in the country, making it the only annual research that reports on rental housing costs in every jurisdiction in the country.
Out of Reach 2013 will be embargoed until 2pm EDT, March 11, after which it will be available to the public at the NLIHC website at www.nlihc.org/oor/2013.