A new analysis by the Harvard Joint Center for Housing Studies (JCHS) highlights the far-reaching impacts of the nation’s housing affordability challenges, with renter households at both ends of the market struggling to find homes they can afford. A growing number of low-income renters are competing for a shrinking number of affordable units, while the rapid expansion in high-income renters is outnumbering the increase in high-rent units. JCHS points out that between 2006 and 2016, the number of renter households earning under $26,000 per year (in 2016 dollars) grew by 1.8 million, but the number of rental units that would be affordable to these households at 30 percent of their income dropped by 500,000. JCHS also explains that although the number of units renting for $2,000 or more grew by 1.65 million between 2006 and 2016, that fell far short of the 2.9 million increase in high-income renter households.
Published by Oklahoma Coalition for Affordable Housing
The vision of OCAH: That all Oklahomans have the opportunity to live in safe, healthy and affordable homes. Our Mission: To lead the movement to ensure that all residents of the state of Oklahoma flourish in safe, affordable homes and to help communities develop safe and affordable housing options for all of their residents. We reach our mission through advocacy, education and practical training to foster the production and maintenance of affordable housing throughout the state. View all posts by Oklahoma Coalition for Affordable Housing