Record Number of Renter Households Face Severe Affordability Problems, Rents Grow Faster Than Incomes and Increased Supply Fails to Meet Demand

Latest Report Release: America’s Rental Housing 2015

–(BUSINESS WIRE)–The Harvard Joint Center for Housing Studies:

 

What:

Harvard’s Joint
Center for Housing Studies
highlights growing affordability
problems in rental housing as new rental supply fails to keep up
with demand, and rents outpace incomes. Nearly half (49%) of
renters are cost burdened, with 26% of them severely so, paying
more than 50% of their incomes in housing costs. While rental cost
burden is being felt most strongly by low-income families, even
moderate-income renters who earn as much as $45,000 per year are
feeling the pinch, particularly in urban markets. Housing
assistance is failing to keep up with need, and rental demand also
is contributing to the economic crunch felt by renters.

 

America’s Rental Housing: Expanding Options for Diverse and
Growing Demand
will be released at a special event, featuring
newsmakers, housing experts and government leaders. The event will
also be webcast live at www.jchs.harvard.edu

 

To receive an advanced, embargoed copy of the report, please
contact
audrey.chang@harbourgrp.com

 

Principal support for this report was provided by the John
D. and Catherine T. MacArthur Foundation
.

 

When:

Wednesday, December 9, 2015 from 1:00 p.m. to 3:00 p.m.

 

Where:

The Knight Studio at the Newseum, 555 Pennsylvania Ave NW,
Washington, DC 20001

Advance
registration required

 

Who:

attendees are subject to change

 

Chris Herbert, Director, Joint Center for Housing Studies

Ellen Seidman, Senior Fellow, Urban Institute

Hipólito (Paul) Roldán, President and CEO, Hispanic Housing
Development Corporation

Toby Bozzuto, President, The Bozzuto Group

Moderator: Emily Badger, Reporter, The Washington Post

 

Contact:

If you are interested in attending or speaking with any of the
participants, please contact:

Audrey Chang, audrey.chang@harbourgrp.com,
202-295-8779

Heidi Carrell, heidi_carrell@harvard.edu,
617-495-7640

 

Social Media: This event will be webcast live at www.jchs.harvard.edu
and @Harvard_JCHS
will share updates from the event on Twitter with the hashtag
#RentalHousing and #HarvardHousingReport.

About JCHS: The Harvard Joint Center for Housing Studies advances
understanding of housing issues and informs policy. Through its
research, education, and public outreach programs, the center helps
leaders in government, business, and the civic sectors make decisions
that effectively address the needs of cities and communities. Through
graduate and executive courses, as well as fellowships and internship
opportunities, the Joint Center also trains and inspires the next
generation of housing leaders. www.jchs.harvard.edu

About The MacArthur Foundation: The MacArthur Foundation supports
creative people and effective institutions committed to building a more
just, verdant, and peaceful world. In addition to selecting the
MacArthur Fellows, the Foundation works to defend human rights, advance
global conservation and security, make cities better places, and
understand how technology is affecting children and society. More
information is at www.macfound.org

Contacts

The Harvard Joint Center for Housing Studies
Audrey Chang,
202-295-8779
audrey.chang@harbourgrp.com
or
Heidi
Carrell, 617-495-7640
heidi_carrell@harvard.edu