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

04 Dic 2015, 00:00 AM CST

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