Report: More than 1 in 4 Working Renters Face Severe Housing Costs via DSNews

While home affordability has reached record high levels, for renters, housing cost burdens have been steadily increasing.

According to the annual Housing Landscape report from the Center for Housing Policy (CHP), 26.4 percent of working renters spent more than half of their household income on housing costs in 2011. The share is an increase from 2008 when 22.8 percent of working renters had a severe housing cost burden.

Working households included households with members who worked at least 20 hours per week and earned no more than 120 percent of the median income in the area.

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