Out of Reach 2010
Renters in the Great Recession, the Crisis Continues
Megan DeCrappeo, Research Analyst
Danilo Pelletiere, Research Director
Sheila Crowley, President
Elisabeth Teater, Research Intern
Housing issues have been at the forefront of Americans’ minds for over 3 years now and while there have been a number of attempts at all levels of government to improve the health of the housing market, low income people and renters in particular continue to struggle to remain in their current homes or find an adequate and affordable place to live. The majority of the initiatives aimed at stabilizing the housing market over the past few years have focused almost exclusively on the needs of homeowners and on encouraging people to buy homes, rather than on providing incentives for people to rent or on making rental units more affordable.
As the housing crisis evolves into one of the worst economic recessions in recent history, economic hardship is being felt by a wide swath of the population. With so much of the nation’s attention still focused on the housing market and on alleviating these hardships, it is critical that advocates of affordable housing continue to inform the public about the persistent affordable housing crisis facing low income renters, a crisis that has only worsened in the current recession. The argument in favor of a more balanced housing policy, one that seeks to provide housing to those in the greatest need and stabilize the lives of American families whether they rent or own, has never been stronger.
For more information on the 2010 Out of Reach data, please contact Elina Bravve at email@example.com or 202-662-1530 x244.