NLIHC will release on June 8 the 2017 edition of its annual report, Out of Reach, which provides the “Housing Wage” a full-time worker must earn to afford a modest rental home in every state and jurisdiction in the country. The preface of this year’s Out of Reach will be written by Representative Keith Ellison (D-MN). A special webinar for NLIHC members about the report’s findings will be held on June 9 at 2 pm ET. Register for the webinar at: http://bit.ly/2q9z3wr
The Out of Reach report documents the gap between renters’ wages and the cost of rental housing throughout the U.S. The Housing Wage is the hourly wage a full-time worker must earn to afford a modest rental home without spending more than 30% of his or her income on housing costs based on HUD’s Fair Market Rent (FMR), an estimate of what a family moving today can expect to pay for a modest rental home in the area. The report compares the Housing Wage to prevailing renter wages and incomes. The report also shows how many hours an individual must work each week for 52 weeks a year at the prevailing minimum wage to afford a modest one- and two-bedroom apartment. A new feature this year, Out of Reach 2017 will provide Housing Wages and prevailing renter wages not just nationally and by state, county and jurisdiction, but also at the ZIP-code (Small-Area Fair Market Rent) level.
View the 2016 Out of Reach report and interactive website at: http://nlihc.org/oor