Thursday, April 9, 2009

Priced Out in 2008

The Technical Assistance Collaborative works in collaboration with the Consortium of Citizens with Disabilities Housing Taskforce to produce the Priced Out series of reports which are published every two years, with the latest one in 2006.

The study compares the federal Supplemental Security Income (SSI) payments of people with serious and long-term disabilities to U.S. Department of Housing and Urban Development (HUD) Fair Market Rents for modestly priced rental units.
The next one will be released April 13th here, but until then, the link won't work.
But here's a sneak peek from their press release.
Across the United States in 2008, people with disabilities with the lowest incomes faced an extreme housing affordability crisis as rents for moderately priced studio and one-bedroom apartments soared above their entire monthly income. The national average rent for a one-bedroom unit climbed to $749 per month and the studio/efficiency unit rent to $663 per month in 2008 – both higher than $667, the average monthly income of over 4 million people with disabilities....

Perhaps the most shocking revelation in Priced Out in 2008 is the precipitous and relentless decline in housing affordability for SSI recipients since 1998 when the first edition of Priced Out was developed. The amount of monthly SSI income needed to rent a modest one-bedroom unit has risen an astonishing 62 percent from 69 percent of SSI in 1998 to 112.1 percent of SSI in 2008.
Be sure to return here on April 13th to check it out at this link!

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