Affordable Housing Crisis

1080 Words3 Pages

Affordable housing in the United States describes sheltering units with well-adjusted housing costs for those living on an average, median income. The phrase usually implies to applied rental or purchaser housing within the financial means of lower-income ranges specific to the demographics of any given area. However, affordable housing does not include those living in social housing owned by government and non-profit organizations. More specifically, the targeted range for housing affordability sets below 30 percent of a household's annual income, including all applicable taxes, utility costs and home owners insurance rates. If the mean income per household breaches the 30 percent mark, then the agreed status becomes labeled as "unaffordable" by most recognizable financial institutions.

U.S. Department of Housing and Urban Development (HUD): Affordable Housing

HUD User Publications Organization: Affordable Housing

Assisted Housing Alert: Section 8 Low-Income Housing

Alliance for Healthy Homes: Crisis in Affordable Housing

WATCH: Community Development Program: Affordable Housing Development

CommonBond Communities: Applying for CommonBond Affordable Housing

National Association of Realtors: A Field Guide to Low-Income Housing

Neighbor to Neighbor Organization: Affordable Housing Program

National Low-Income Housing Coalition: Affordable Housing Placement Program

U.S. Census Bureau: State Median Income Statistics

Alliance for the Betterment of Citizens with Disabilities: Housing Terms and Facts

Technical Assistance Collaborative, Inc.: Affordable Low-Income Housing for Disabled Persons

Homelessness Resource Center: Providing Affordable Low-Income Housing for Those in ...

... middle of paper ...

...cially since the beginning of the subprime mortgage crisis that sparked the Great Recession of 2008-2009. The ever-growing unemployment and foreclosure rates will further compound the affordable housing shortages that were already existent. The declining of the middle-class and increasing of the wealth gap continues to raise the question over income inequality and racial disparity. Bright minds have to wonder when the government will step in to curtail the problem currently spiraling out of control.

Homes and Community Renewal: Office of Rent Administration and Services

CBS News: Housing Crisis Getting Uglier in 2010

CATO Institute: Thinking Clearly About Economic Inequality

Harvard Business Review: Bridging America's Income Gap

U.S. Department of New Hampshire: WorkForce Housing Law

U.S. Department of Indiana: Why are People Homeless?

Show More
Related

  • Missoula´s Homeless Population

    1454 Words  | 3 Pages

    Shelter Plus Care // Missoula Housing Authority. (2014). Retrieved May 08, 2014, from Missoula Housing Authority: http://missoulahousing.org/housing/shelter_plus_care

    Read More

  • Housing Affordability Crisis In The Bay Area

    678 Words  | 2 Pages

    As the lease of my apartment is coming to an end it had me thinking of achieving my own American Dream of home ownership but as I do my research I find the dream is far from coming true. I am sure that the issue of housing prices and rent rates are what most of us Bay Area residents talk about and debate. It is an issue that needs to be addressed by the officials of the area, city mayors, affordable housing committees, social justice activists,lawmakers, and even employers. Skyrocketing prices, low inventory, and investors’ bidding wars are not only pushing the middle and lower classes out of San Francisco and the Bay Area out but will completely eliminate them.

    Read More

  • Causes of Homelessness in San Antonio

    898 Words  | 2 Pages

    ...nt of $764 and a staggering 43% cannot afford to purchase an average priced home ($140,422). With that being said, over 8,000 families are on waiting lists for subsidized and affordable housing. Many things can prevent someone from housing such as poor credit histories, unresolved debts, and criminal backgrounds. Without affordable child care or dependable transportation, families have a greater challenge of moving towards autonomy.

    Read More

  • Black Lives Matter And The All Lives Matter (ALM Movement

    853 Words  | 2 Pages

    Two exceptions to the class avoidance phenomenon: discussion about the middle class as acceptable and presenting glimpses of the poor and wealthy that conform to common stereotypes. Americans are misinformed to believe the following myths: class distinctions are non-existent, middle-class is the norm, everyone is getting richer, and the chances of success are equal for everyone. The U.S. has the highest income gap between the wealthiest and poorest in the industrial world, which is approximately 12 to 1. In 2004, the affluent experienced a wage increase by 12%, whereas the 99% of average income makers saw an increase of 1%. The Making of the Ghetto: One of the biggest forms of equity is home ownership, and between 1933 and 1978, the Federal Housing Authority (FHA) supported millions of Americans by providing small down payments and reasonable payment plans, if they fell within their requirements.

    Read More

  • Unaffordable Housing: A Root Cause Of Homelessness

    1350 Words  | 3 Pages

    As stated by Richard F. Burns and Thomas G. Vaccaro in Unaffordable Housing: A Root Cause of Social Inequality, 80% to 120% of area median income—also struggle to find affordable rental units in all 50 states. This lack of “workforce housing” results in their inability to live in or near the places where they work. Not being able to live near work if results in higher cost of living because you end up having to pay for either a car or, you could rely on public transportation or even have to pay forward gas money to another person. Housing also ties(“is also tied to”) to cost of living which turns out is very expensive. According to DePersio, Greg in "How Much Money Do You Need to Live in Los Angeles?, As of August 2015, the average rent in Los Angeles is $2,296 per month. Even if someone is only looking for a one-bedroom apartment, the average cost sits at approximately$1,950 per month. A two-bedroom apartment averages slightly over $2,500. So as one can see that they have to make at the very least $13 an hour just to pay rent, this does not even include food or utilities let alone if they have kids forget it. Because of unaffordable housing has left millions without homes making them fall under the category of

    Read More

  • Affordable Housing In Canada

    1091 Words  | 3 Pages

    Affordable housing refers to housing units that are affordable by that section of society whose income is or below the median household income. For example, affordable housing should address the housing needs of lower or middle income households. And for sustainable communities, it is one that is economically, environmentally, and socially healthy and resilient.. According to the Western Australia Council of Social Services (WACOSS): "Social sustainability occurs when the formal and informal processes; systems; structures; and relationships actively support the capacity of current and future generations to create healthy and livable communities.” As we can tell, all affordable housing, sustainable community, and social sustainability are

    Read More

  • Housing Shortage In California

    973 Words  | 2 Pages

    The affordability of housing is one of the most critical factors that determine the well being for Californians. Housing affects people’s lives in terms of education, recreation and choices for jobs. On the state level, the cost of housing has important impact on California economy, affecting the extent to which employers are able to hire and retain workers and influencing their preferences on whether to work and remain in California.

    Read More

  • The Homeless in Canada

    2623 Words  | 6 Pages

    Throughout my research I found there is a real cry out for action on providing more affordable house not just locally but throughout the country. There needs to be more funding available to build more gear to income or subsidized housing and all levels of government need to take action.

    Read More

  • Homelessness: A Sociological Analysis

    688 Words  | 2 Pages

    result from the withdrawal of the federal government’s investment in affordable housing. It has been noted that

    Read More

  • Persuasive Speech On Affordable Housing

    1064 Words  | 3 Pages

    While the the 1%, are secured, no one is addressing the rest of the people. As the economy flourishes, housing, higher education and health care, and child care increases with it to the point where 30 percent of a person’s income goes towards housing. People are finding it impossible to purchase a house with their middle class incomes. People begin to fall out of the once stable middle class because too much is needed to be sacrificed in order to live in a stable home. In the shrinking middle class, “40% or more of the residents live below the poverty

    Read More

  • Housing Inequality Sociology

    1132 Words  | 3 Pages

    Compare and contrast the ways in which housing inequalities are discussed from the perspectives of social policy and criminology, and economics (TMA 02)

    Read More

  • Foreclosure Essay

    1214 Words  | 3 Pages

    More than 30 percent on housing and persistent inequality in housing and employment opportunities has gone down. That has created a significant lower homeownership rate for African -Americans and Latino families. Many people believe that the mortgage rates in America is threating the confidence of homeownership. I strongly believe that statement is true because seeing what foreclosure has done to Americas economy it tends to drain and disrupts a person state of mind of striving and going for what they want. It mentally crushes them which later leads to sorrow and sadness emotionally.

    Read More

  • The Importance of Having a High School Diploma

    995 Words  | 2 Pages

    mean this person would live in poverty compared in the poverty guidelines. Having a high school

    Read More

  • Racial Wealth Gap Essay

    624 Words  | 2 Pages

    After the Second World War there was a large increase in demand for new housing in the United States. From 1934 to 1962 the US government backed $120 billion in home loans with 98% of that money going to white homebuyers. These homes bought by whites increased in value over time, allowing for increased wealth and opportunity for the owners and children of homeowners. While, African Americans who had not been given loans to buy homes were left without a chance at opportunity and a chance to accumulate wealth. Over time discriminatory policies have created a racial wealth gap in the United States because minorities are not afforded the same opportunities in wealthier neighborhoods and whites are more likely to be given home loans to buy and own

    Read More

  • Fixing the Housing Market

    999 Words  | 2 Pages

    To really be able to fix the housing market, we have to look at how it got so bad to begin with. Banks were giving loans out to people who couldn’t afford to repay them. That was, what I see, as the most detrimental situation regarding the housing market. Are the banks only to blame? Absolutely not. Those people who took those loans with little thought of repercussions also caused this mess. We shouldn’t be borrowing money so loosely and the banks should not have made it so easy.

    Read More

More about Affordable Housing Crisis

Open Document