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Report: Renters face record high affordability problems

Source: Housing Matters Blog, April 26, 2011, by Craig Bailey “The recent recession pushed the number of renters who pay more than half their income for housing to record levels, according to a report released today by the Harvard Joint Center for Housing Studies (JCHS). The report, “America’s Rental Housing: Meeting Challenges, Building on Opportunities,” finds even prior to the recession, long-term increases in rents and utility costs combined with falling renter incomes put strain on many renters’ budgets. The recession made matters worse, increasing the cost burden on working and middle class Americans. The findings are similar to those reported by VHFA in last week’s “Between a Rock and a Hard Place: Housing and Wages in Vermont” report (“Report: Housing affordability gap grows“)…” Full Report: AmericasRentalHousing-2011

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