Enterprise Proposes Program to Provide Renters with Greater Stability
Renting families today are facing the most serious affordability crisis in U.S. history, hitting low- and middle- income earners particularly hard. According to the Harvard Joint Center for Housing Studies’ new The State of the Nation’s Housing 2016 report released last week, the number of severely cost-burdened renters (those paying more than half their income on housing) has reached an all-time high of 11.4 million households. Also, a new survey by MacArthur Foundation finds that 53 percent of Americans are making serious tradeoffs to cover rent, such as buying less food or moving to lower-opportunity neighborhoods. And when unexpected expenses come up, renters often face eviction, making it difficult to stay in one place for long.
A New Whitepaper
With these significant challenges in mind, the Enterprise Policy Development & Research team has released a new whitepaper,