Analysis: Low-Income Tenants Would Pay 20% More Each Year Under HUD Plan
Source: Talking Points Memo/AP
By JULIET LINDERMAN and LARRY FENN | June 7, 2018 10:13 am
CHARLESTON, S.C. (AP) Housing Secretary Ben Carson says his latest proposal to raise rents would mean a path toward self-sufficiency for millions of low-income households across the United States by pushing more people to find work. For Ebony Morris and her four small children, it could mean homelessness.
Morris lives in Charleston, South Carolina, where most households receiving federal housing assistance would see their rent go up an average 26 percent, according to an analysis done by Center on Budget and Policy Priorities and provided exclusively to The Associated Press. But her increase would be nearly double that.
Overall, the analysis shows that in the nations 100 largest metropolitan areas, low-income tenants many of whom have jobs would have to pay roughly 20 percent more each year for rent under the plan. That rent increase is about six times greater than the growth in average hourly earnings, putting the poorest workers at an increased risk of homelessness because wages simply havent kept pace with housing expenses.
I saw public housing as an option to get on my feet, to pay 30 percent of my income and get myself out of debt and eventually become a homeowner, said Morris, whose monthly rent would jump from $403 to $600. But this would put us in a homeless state.
Read more: https://talkingpointsmemo.com/news/hud-plan-raise-rents-analysis
tazkcmo
(7,300 posts)Is raising rent good for the renter.
sprinkleeninow
(20,252 posts)jayschool2013
(2,312 posts)By that reasoning, if we raise rents even higher ... to say, $10,000 a month ... the poor would be incentivized to find even better, higher-paying jobs. They could be hedge fund CEOs even!
BRILLIANT!!!
2naSalit
(86,650 posts)hundreds of thousands in student loans... a major money fleecing operation of the government. Feudalism, it's our future, you can bet on it.
Historic NY
(37,451 posts)they get the seniors in and after a year or so they raise the rents.