SUSTAINABLE HOUSING RESOURCES SLEEP HEALTHY HOMES
Housing Affordability and Stability
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
Wake Board Approves $19.3 Million For Eviction Prevention, Utility Assistance
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.
NORTH CAROLINA HOUSING COALITION
Individual and Family Housing Needs
The Cost of Eviction and Unpaid Bills of Financially Insecure Families for City Budgets