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Census estimates confirm decline in household income and increased poverty

Posted September 26, 2011

Census Estimates Confirm Decline in Household Income and Increased Poverty

September 23, 2011

The recession’s longstanding toll on the incomes of Vermont households is shown clearly in estimates released by the Census Bureau yesterday.   The median income of a household in the state dropped to $49,406 in 2010 from $51,618 in 2009.   The poverty rate among Vermont households rose to 12.7% up from 11.4% in 2009.    Poverty among the state’s children rose particularly high–to an alarming 16.7% in 2010 up from 13.3% in 2009.

Across the nation, poverty rose in 49 of the 50 states.    In total, 46.2 million Americans lived in poverty in 2010– the highest number in the 52 years the Census Bureau has been publishing figures on it.  Median household incomes across the country fell to levels last seen in 1996.

The Census Bureau has recently released the results of two national surveys pertaining to household income and poverty–the American Community Survey and the Current Population Survey

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New Estimates About Characteristics of Vermont Households Released

September 22, 2011

The Census Bureau released new estimates today that provide information about the characteristics of residents and homes in Vermont and its counties in 2010.    These estimates are based on the annual American Community Survey (ACS), which asks a sample of Vermonters questions about their home and the household members living there.

While the decenniel Census provided counts of people and households, ACS estimates provide valuable information about the characteristics of Vermont residents.

Here’s a sample of the types of information collected through the ACS:

  • § Total monthly housing costs
  • § Household income
  • § Type of home heating fuel
  • § Age of the household members

VHFA’s researchers are available to speak to members of the media about ACS data pertaining to Vermont’s housing market and the housing situations of low- and moderate-income people.  Inquiries may be directed to Research and Communications Coordinator, Leslie Black-Plumeau

We’re currently reviewing the data and will share highlights as we complete our analyses.

Access the ACS 2010 estimates.

Due to the small size of the ACS sample in some Vermont communities, data users are advised to carefully consider the error ranges provided by the Census Bureau with each estimate.

 

 


New Report: Housing affordability down for workers

Posted February 25, 2011

Source: Housing Matters Blog, Feb. 25, 2011.

“A new report by the Center for Housing Policy (CHP) says housing affordability has significantly decreased for working owners and renters.

The annual report, “Housing Landscape 2011,” looks at housing affordability trends for working households between 2008 and 2009 focusing on the effects of employment, income and housing costs. [More ...]

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Veteran Homelessness: A Supplemental Report to the 2009 Annual Homeless Assessment Report to Congress

Posted February 17, 2011

Source: The Department of Housing and Urban Development (HUD) and the Department of Veterans Affairs (VA)

Executive Summary:

The Department of Housing and Urban Development (HUD) and the Department of Veterans Affairs (VA) are pleased to present Veteran Homelessness: A Supplemental Report to the 2009 Annual Homeless Assessment Report to Congress. This report is the result of ongoing collaboration between HUD and the VA to understand the extent and nature of homelessness among veterans in the United States. The information presented in this report is intended to inform public policymakers, local practitioners and the general public about veteran homelessness. It also advances the goals of the nation’s federal strategic plan to prevent and end homelessness (Opening Doors: Federal Strategic Plan to Prevent and End Homelessness) through the collection, analysis, and reporting of quality, timely data on homelessness. [More ...]

 


Population growth slows in all Vermont counties

Posted February 16, 2011

Source: Housing Matters Blog, February 16

“According to last week’s release of Census 2010 results, no Vermont county was spared the population growth slowdown that occurred in the state during the past 10 years. [More ...]

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New Report: State of Homelessness in America 2011

Posted January 11, 2011

Source: The National Alliance to End Homelessness, January 11, 2011.

A new report out by NAEH: The State of Homelessness in America in 2011. This report analyzes the effect the recession has had on homelessness and how it has contributed to an increased risk of homelessness for many Americans. It found that rising unemployment and housing costs have contributed to a rise in homelessness. [More ...]

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New NLIHC Research: American Housing Survey Data Show Rapidly Deteriorating Extremely Low Income Rental Supply

Posted January 7, 2011

Source: National Low Income Housing Coalition, Memo to Members, Vol. 16, No. 1, January 7, 2011.

“Over two years, the number of extremely low income (ELI) renters grew from 9.3 million to 10 million households while affordable units decreased from 7.1 million to 6.5 million, according to NLIHC’s preliminary analysis of 2007 and 2009 American Housing Survey data. As a result, the absolute shortage of units affordable to ELI households – those earning 30% or less of area median income – grew from 2.1 million to 3.4 million. When considering vacant and ELI renter-occupied units, only 39 units were affordable and available for every 100 ELI renter households in 2009. This compares with 44 units for every 100 ELI renter households in 2007.

Containing 60,000 observations annually, the Census Bureau’s American Housing Survey provides both national and Census region-specific housing data. Individual metro area surveys are included, as well.”

To view NLIHC’s analysis, click here: A Preliminary Analysis of the 2009 and 2007 RentalAffordability Gaps .

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New Report From Homeless Research Institute on Working Poor in the U.S.

Posted December 1, 2010

Source: National Alliance to End Homelessness, Dec. 1, 2010.

The National Alliance to End Homelessness’ Homeless Research Institute published their second Economy Bytes research paper. This paper looked into characteristics of the “working poor” population in the U.S. They found that while most of the working poor will not become homeless, they are much more likely than the general working population to experience and be affected by risk factors associated with homelessness, including sudden and significant loss of income, severe housing cost burden, and doubled up living arrangements.

Economy Bytes Research Paper:  Working Poor in the U.S.

For more resources from the National Alliance to End Homelessness, click here: NAEH Library.

 


Champlain Housing Trust Homeownership Program Looked at in National Report

Posted November 12, 2010

Source: The Urban Institute, October 2010

A report was published that looked at Champlain Housing Trust’s shared equity homeownership program (Community Land Trust: CLT). The report, “Balancing Affordability and Opportunity: An Evaluation of Affordable Homeownership Programs with Long-term Affordability Controls,” looked at seven different homeownership programs throughout the nation. The report found that the shared equity programs are successful in creating homeownership opportunities for lower income families; they allow the purchasers to accumulate assets, while, at the same, time they create and grow a sustainable affordable housing stock.

Full Report: Balancing Affordability and Opportunity.

More information: Champlain Housing Trust Website.

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Poverty in the U.S. spikes

Posted September 16, 2010

Source: CNNMoney.com, September 16, 2010

By: Les Christie

“NEW YORK — The nation’s poverty rate jumped to 14.3% in 2009, its highest level since 1994, and the 43.6 million Americans in need is the highest number in 51 years of record-keeping, the government said Thursday. [More ...]

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National Coalition for the Homeless Releases Report on Hate Crimes Against the Homeless

Posted August 24, 2010

Hate Crimes against the Homeless: America’s Growing Tide of Violence, a report released by the National Coalition for the Homeless (NCH), states that at least 43 homeless individuals were killed in the past year. These violent attacks appear to have been motivated by hatred or bias specifically aimed at homeless persons, most often middle-aged men. [More ...]

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