• 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.
• To survive, families should use no more than 30 percent of their income on housing and utilities.
• In Sacramento, as more people choose renting over homeownership in the challenged economy, demand for rental has surged, pushing rents up and vacancies down.
• 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:
• Tens of thousands of 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 $19.63 an hour working full time.
• In Sacramento County, only 46% of renters make the required full-time wage to afford market rent for a basic two-bedroom apartment.
• A family of four with two working parents earning minimum wage can only afford $700 in rent or mortgage payments and utilities.
• Estimates of the poverty rate in Sacramento are as high as 20% for 2012– higher than the statewide average of 16%.
• 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.
News and Research Links
Poverty and Opportunity Profile: Seniors, National Senior Citizens Law Center, July 2014
New report details high costs for renters in California, The Sacramento Bee, December 11, 2013
Study shows rising rent straining family budgets, NPR, December 10, 2013
Homeless for the Holidays: 1.2 million school kids have no home, U.S. says, Sustainable Communities, December 2013