Posts tagged "rent burden"

For every additional dollar a middle-class Chicago family makes, they're now facing an extra $2 in housing and transit costs

For every additional dollar a middle-class Chicago family makes, they're now facing an extra $2 in housing and transit costs
Everyone needs a place to live. And a job so they can pay for that place to live, and a way to get from where they live to where they work. But what if the cost of where you live and how you get to work is outpacing how much you earn on the job?... Read more »

More on the "reach" for housing

The National Low Income Housing Coalition recently released its annual report highlighting the financial burden that housing bears on low-income households. Based on federal guidelines, households spending more than 30 percent of their income on housing are deemed “rent burdened.” Overall, 49 percent of Chicago-area renters earned too little to afford typical two-bedroom apartment last... Read more »