With real estate prices skyrocketing across the nation, there’s a greater need than ever for affordable housing. A family with one full-time worker earning the minimum wage cannot afford the local fair-market rent for a two-bedroom apartment anywhere in the United States according to the Department of Housing and Urban Development.
Families who pay more than 30% of their income for housing are considered cost burdened and may have difficulty affording necessities such as food, clothing, transportation and medical care.
An estimated 12 million renter and homeowner households now pay more than 50% of their annual incomes for housing.
The Neighborhood Associates Corporation (NAC) serves resident housing communities in mixed, affordable and emerging neighborhoods. The mission of NAC is to grow communities with civility, good livelihoods, education, health, housing, and green living through cultural leadership and democracy.
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