SUSTAINABLE HOUSING RESOURCES SLEEP HEALTHY HOMES
A record-breaking number of families cannot afford a decent place to call home, a crisis that has been exacerbated by the COVID-19 pandemic. The following data illuminates the problem.
➢ Nationally, there is a shortage of more than 7 million affordable homes for our nation’s 11 million plus extremely low-income families (30% AMI)
o In Raleigh/Wake Co, the shortage is 21,797 (30%AMI)
➢ The shortage of affordable housing results in housing instability and cost-burdened (when a household is spending more than 30% of its income on rent & utilities).
o In Wake County, 55,714 renters & 41,769 owner-occupied cost-burdened
Source: National Low Income Housing Coalition & NC Housing Coalition
➢In addition to a shortage of units, there is a significant gap between renters’ wages and the cost of rental housing at ‘fair market rate’ in Raleigh and Wake County.
➢The housing wage is an estimate of the hourly wage a full-time worker must earn to afford a
modest rental home at HUD’s fair market rent (FMR) without spending more than 30% of his or
her income on housing costs, including utilities. –Source: NLIHC
by Leah Holdren on 2/1/2021
The Wake County Board of Commissioners has approved using $19.3
million in federal funding to help struggling renters keep roofs over their
heads and the utilities running during the pandemic.