Friday, April 27, 2012

Rents Outpacing Incomes says Comm. Service Society

Tom Waters and Victor Bach, Housing Policy Analysts of the Community Service Society testified before the 2012 Rent Guidelines Board.

Among other points:

  • Rents have soared 31% over the past 6 years.
  • Rent increases have vastly outpaced net incomes for the typical renter.
  • By 2011, 51% of low-income renters were paying at least half their incomes in rent.
Read the full testimony!