Affordability and Availability of Rental Housing
Posted by on December 10, 2012
Lowest Income Renters Face Greatest Shortage of Affordable and Available Housing
A new study released today by the Federal Reserve Bank of Philadelphia’s Community Development Studies and Education Department compares housing affordability for renters in various income categories in the Third Federal Reserve District. The research concludes that while housing affordability challenges were greatest for extremely low-income renters, affordability indicators worsened across the board for renters in the Third District between 2005 and 2010.
The report, “Affordability and Availability of Rental Housing in the Third Federal Reserve District: 2012,” appears in the department’s inaugural issue of Cascade Focus, a new publication that summarizes the department’s research on issues related to community development in low- and moderate-income communities and fair and impartial access to credit in underserved markets.
In addition to a report summarizing findings for the Third Federal Reserve District, the department released a suite of materials that includes tables with detailed data for states, metropolitan statistical areas (MSAs), and counties within the District, documentation on the data and methodology used in the study, and a map of the Third Federal Reserve District.
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