Study: Severe housing cost burden increases in Ohio

February 24, 2011 – (RealEstateRama) — Housing Landscape 2011, the National Housing Conference’s annual study of housing affordability trends, examines the number of households nationwide that experience severe housing cost burden; that is, spending more than 50 percent of household income on housing costs. Ohio experienced a one percent increase in 2009 over 2008 in the number of households experiencing severe housing cost burden.

In response to the study findings, the following statement can be attributed to Bill Faith, executive director of the Coalition on Homelessness and Housing in Ohio:

“When 18 percent of our working households – more than 327,000 households — are spending more than 50 percent of their income on housing, that leaves precious little for other necessities. This report reinforces the fact that a growing number of hard working Ohio families are being pushed outside the bounds of stability, puting them at a greater risk of homelessness. Fair, affordable and decent housing must be a priority in order to protect our most vulnerable and at-risk populations.”

Contact:
Suzanne Gravette Acker
(614) 280-1984 ext. 11
Bill Faith
(614) 579-6108

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