Vermont Federal Rental Assistance Impacts

Source: The Center for Budget and Policy Priorities, April 20, 2011, by Barbara Sard The Center for Budget and Policy Priorities (CBPP) has prepared state-by-state fact sheets that “show the impact of federal rental assistance programs like vouchers and public housing — and the potential impact of scaling them back significantly through a global spending cap or similar proposal” — They’ve prepared fact sheets on the number and types of households in each state that receive different kinds of assistance. VT Federal Rental Assistance Facts (PDF): “About 28 percent of all Vermont households – or 71,008 households – are renters.  Federal rental assistance programs enable more than 12,718 low-income households in Vermont to rent modest housing at an affordable cost.  About 72 percent of these households are headed by people who are elderly or have disabilities; approximately 20 percent are families with children. Yet federal programs reach only a small share of the low-income Vermont households that pay unaffordable rental housing costs and are therefore at increased risk of homelessness and other types of housing instability: In Vermont, 15,213 low-income renter households pay more than half their monthly cash income for housing costs.  On average, these households have incomes of $1,016 and pay housing costs of $890, leaving only $126 to pay for other necessities.  About 44 percent of these cost-burdened renters are elderly or people with disabilities, while 17 percent are families with children. When housing costs consume more than half of household income, low-income families are at greater risk of becoming homeless.  Point-in-time surveys suggest that at least 1,214 people are homeless in Vermont.”

#Housing #VT

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