
Report: Mass. Renter Must Make $38 per Hour to Afford Apartment
Imagine if you had to work 107-hour weeks just to afford your apartment. That’s what a minimum-wage worker in Massachusetts would need to afford a market-rate two-bedroom.
Imagine if you had to work 107-hour weeks just to afford your apartment. That’s what a minimum-wage worker in Massachusetts would need to afford a market-rate two-bedroom.
Thanks to a coronavirus pandemic-fueled mortgage boom, states will get nearly $700 million in federal grants from a special program for low-income housing, more than double the amount distributed last year.
Massachusetts renters and their landlords will get some measure of relief from a $900 billion federal COVID-19 aid package agreed to by congressional negotiators Sunday night.
Housing cost burdens continued to escalate in Massachusetts, which is now the third-least affordable state in which to rent an apartment.
Lt. Gov. Karyn Polito and others in the Baker administration to continue to try to build public support for a proposal to make housing-friendly zoning easier to pass. The legislature’s timeline for considering the measure, however, remains unclear.
Although Massachusetts compares favorably to other states, a new report indicates the commonwealth still has a shortage of affordable housing to meet the needs of its lowest-income residents.
A new bill seeks to expand the Housing Credit by 50 percent and provide new incentives that would allow affordable housing developers to better serve the lowest income families with the greatest needs, including those who are homeless.
The National Low Income Housing Coalition (NLIHC) released a memo urging the next presidential administration to seize this moment of political change to implement solutions to the affordable housing crisis faced by the lowest income households in America.
The National Low Income Housing Coalition (NLIHC) said in a statement today it is pleased to have Sen. Ron Wyden (D-OR) prioritizing solutions to the affordable housing crisis. However, the group’s president, Diane Yentel called his proposed Middle Income Housing Tax Credit (MIHTC) program “a misguided and wasteful use of federal resources” in a statement opposing the proposal.