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"Out of Reach 2014" -NLIHC Report
Report "Out of Reach 2014"

National Low Income Housing Coalition (NLIHC)
April 10, 2014

The annual study published by National Low Income Housing Coalition (NLIHC) delves into the cost affordability of the rental market on full-time workers.  Fair Market Rent (FMR) is defined by U.S. Department of Housing and Urban Development (HUD) as a person spending no more than 30 percent of their income on housing costs.  “In the United States, the 2014 two-bedroom Housing Wage is $18.92. This national average is more than two-and-a-half times the federal minimum wage, and 52% higher than it was in 2000. In no state can a full-time minimum wage worker afford a one-bedroom or a two-bedroom rental unit at Fair Market Rent.”  More...   

 

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