Average worker can't afford 2-bedroom apartment anywhere in US, report says

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The average renter in Hawai'i earns $16.16 per hour, or $19.98 less than the "housing wage".

The National Low Income Housing Coalition and the Coalition on Homelessness and Housing in OH released a report today revealing that most OH jobs don't pay enough to cover the cost of rent. In Kansas, where the state minimum wage is $7.25, you'd need to make $10.53 an hour to afford a studio. The three occupations with the greatest projected growth that pay a median wage higher than the housing wage are general operations managers, software developers and registered nurses. This is also known as the "housing wage". Workers there have to earn $60.02 an hour on average to live in a 2-bedroom rental.

City officials have been considering the so-called Smart Housing Mix - a policy that would require developers to reserve some apartments in large complexes for low-income residents - for almost two years but have not finalized those plans. "Too often, a low-wage worker must choose between paying for rent, health care, child care and other basic necessities".

The study bases its definition of "modest" rental housing on a weighted average of fair market rent estimates developed annually by the U.S. Department of Housing and Urban Development to calculate the agency's housing assistance to poor people around the country. But, if all you want to do is work, it'll take 143 hours per week at minimum wage.

"The housing crisis has reached historic heights, most negatively impacting the lowest income renters", said Diane Yentel, the coalition's CEO".

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San Francisco tops the list for the cities with the most expensive housing wage.

The report's authors adhere to the standard that no household should spend more than 30 percent of its gross income on housing costs, and they assume that each household would be paid for 40-hour workweeks for 52 weeks a year. It's all detailed in Out of Reach 2018, a new report from the National Low Income Housing Coalition.

The NLIHC then used that number to determine how much a full-time worker has to earn without spending 30% of their income on housing.

Champlain Housing Trust will build 76 new apartments this summer in Burlington and 60 additional units in South Burlington later in the year thanks to a $37 million bond to VHCB, Donelly said.

According to the Joint Center for Housing Studies (2017), the number of homes renting for $2,000 or more per month increased by 97% between 2005 and 2015 with the new development of high-end apartments and rising rents of existing apartments. Even now, only one in four households eligible for federal rent assistance gets it. Bernie Sanders of Vermont wrote in the report's preface.

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