Bringing the Idea of Home Back in Reach

This summer there have been an awful lot of conversations about wages, housing prices, renting and homeownership.  Every once in awhile there is a glimmer of hope that we making headway. 

And then.

And then, we come across studies such as the National Low Income Housing Coalition annual Out of Reach study that makes it clear that not only is homeownership is out of reach for an increasing number of Americans, but also the ability to rent a place to call home.

“In the United States, the 2014 two-bedroom Housing Wage is $18.92. Thisnational 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 minimumwage worker afford a one-bedroom or a two-bedroom rental unit at Fair MarketRent.”  Out of Reach 2014

The emphasis was added because it is noteworthy that this is an issue even here in Iowa. We have known for some time that rental opportunities are slipping away for an increasing number of people.  But it isn’t just rental, when people struggle to rent, it stagnates homeownership.  That’s why we are committed to:

  • Reviewing our services to ensure that we are meeting the needs of our clients.  This includes programs such as the HOME Inc. education courses and online training.
  • Reaching out to younger clients who are struggling with balancing normal household expenses with student debt.
  • Working with other community organizations to develop both affordable rental and homeownership projects.

This is a topic that we’ll revisit from time to time.  We’ll update you on our activities, and hopefully we’ll be able to report that at least one state has figured out how to bring home within reach.

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