Affordable Housing Facts
- People who need affordable housing are everyday people. They work as carpenters, security guards and bank tellers, retail sales people and engineering, medical records and veterinary technicians.
- A family of four needs an income of $65,400 to be able to afford housing in Sacramento and that's just rental housing, not even a mortgage.
- To survive, families should use no more than 30 percent of their income on housing and utilities.
- In Sacramento, 91% of low-income renters spend more than 30% of their income on housing.
- Affordable housing does not lower property value. Architectural standards and adequate maintenance is the key determinant of property value.
- Residents of affordable housing become stable community members, with turnover of less than 10 percent annually.
- When residents have a sense of ownership and control over their lives, their community involvement helps to lower crime rates.
Why We Need Affordable Housing:
- Some 32,000 people in Sacramento County live in substandard housing or overcrowded conditions.
- 6,000 school children in Sacramento County are homeless at least some part of the year.
- To pay fair market rent for a 2-bedroom apartment workers must earn $19.45 an hour working full time.
- The number of homes foreclosed on in Sacramento between 2008 and 2009 increased by 49%.
- Tthe earnings of low-wage workers, fell by 0.3 percent.
- The poverty rate in Sacramento is 16.1% -- higher than the statewide average of 13%.
- State spending on housing programs is less than 1 percent of total spending.
- Non-profits like Mutual Housing now are the 8th largest sector of the economy. Non-profits not only help people in need, they keep the economy running.
