SE Williams | Black Voice News
The post was retweeted 94,000 times when Kate posted on Twitter earlier this year, “I’m paying $ 1,400 a month for rent because the bank said I can’t pay a $ 950 mortgage.” ..
Kate’s post reflects an affordable housing crisis that forces households into high-rent homes to prevent them from becoming homeless and pushes households to the limit in the process.
There is a strong irony in the perception that many low- to middle-income wage workers who do not qualify for mortgages are forced to pay exorbitant rent. The Department of Housing and Urban Development rules stipulate that it should not exceed 30% of household income. [30 Percent Rule] Must spend on mortgage / rent.
There remains a misconception that most low-income / minimum-wage workers are in their teens. However, only about 20% of hourly workers are under the age of 25, and less than half are paid below the federal minimum wage. The percentage between the ages of 25 and 34 is over 23%, a trend that has been relatively consistent over the last decade.
California’s minimum wage continues to rise gradually to $ 15 an hour by 2023, but it’s of little use to today’s high rental prices. And by 2023, the minimum wage is certain to be $ 15.
In 2020, the US Low Income Housing Union (NLIHC) Out of reach, Dramatizing a story that existed long before the deadly coronavirus reached the U.S. coast. How millions of Americans, including many inland, will pay rent next month I’m still seriously concerned about.
The effects of COVID-19 only exacerbate the already unsustainable dilemma.
Joe and Kenyatta Benjamin of San Bernardino have two sons, 23 and 31 years old. One is a part-time college student and the other is a medium-paying job working full-time. Like many young people in the area, his sons Anthony and Meki want to have their own place, but even if they add up their income, they can’t afford to share an apartment as roommates. Both remain unmarried and have no children.
“By the time I reach Anthony’s age [31 years old], My wife and I were married and we were ourselves. Do our sons want to leave home and have their own place? Of course, the economy will improve or rents will fall. I don’t know what to do. “
Without the sanctuary of parents’ homes, Anthony and Meky would be counted as 17.3% of the residents of San Bernardino County, where affordable housing options are limited. Revenue.
However, Anthony and Meki are lucky people. What about the residents who support their families with such wages?
The NLIHC report emphasizes nationwide that minimum-wage workers need to earn $ 23.96 per hour to comfortably rent a two-bedroom. On January 1, 2021, California’s minimum wage was raised to $ 14.00 per hour. This is 41.6% less than the amount required to purchase a two bedroom unit.
People at the bottom of the income scale are not the only ones suffering from housing costs. Suppose an individual in San Bernardino County earns an average of $ 902 a week (about $ 22.55 per hour / 40 hours a week). Even with this level of income, an individual must work 61 hours a week to purchase a one-bedroom unit at the current Department of Housing and Urban Development (HUD). The above rules.
The HUD defines the 30% rule as a standard indicator of affordability for homes in a country. “Keeping housing costs below 30% (of total income) is aimed at ensuring that households have enough money to pay other non-discretionary costs.” Non-discretionary costs include Includes essentials such as food, utilities, transportation, medical care and clothing.
To further dramaize the importance of this threshold, HUD officials assert:[P]Politicians believe that households that spend more than 30 percent of their income on housing will be burdened with housing. ”
In Riverside County, the working hours required to purchase a one-bedroom unit are slightly less than the 56 and 61 hours in San Bernardino County.
As the country breaks out of the COVID-19 pandemic, the California homeless crisis continues to worsen, housing shortages continue, and currently available housing stock remains highly out of reach.
There is a shortage of affordable housing available to low-income households whose income is below the poverty guidelines or below 30% of the average income in the region.
Also, in March, Consumer Financial Protection Bureau Nationally, more than 11 million families are at risk of losing their homes. This includes nearly 2.1 million homeowners who are more than 90 days late in payments and are likely to face serious financial difficulties when the state housing moratorium ends and payments resume. I will.
When the state moratorium ends on June 30, 9% of lessors report likely to be evacuated, and 28% of manufactured homes report delinquent home payments. In contrast, 12% of single-family homes are resident. Percentage of residents of small to medium-sized apartments.
Black and Hispanic families are at greatest risk of losing their place of residence and are more than twice as likely to report late payments for their homes as white families.
When Governor Newsom signed a bill in late January to extend the state’s groundbreaking eviction moratorium to June 30, he declared: Financial difficulties as a result of COVID-19. “
It was January. Californians are now only two months away from the expiration of the moratorium, and most of those who were vulnerable in January are still vulnerable today, but legislators remain silent about future possibilities. I am.
Earlier this year Calmatters At the end of the moratorium, we sought to quantify the number of inhabitants in the state at risk of eviction. Difficult to quantify, numbers ranged from a minimum of 90,000 to a maximum of 700,000, depending on various variables such as unemployment benefits, stimulus measures, and other measures provided by the state in January. .. Of course, improving the unemployment rate should also have a positive impact.
Whatever the number, finding alternative affordable homes is difficult, if not impossible, due to the state’s housing shortages and high rents that will almost certainly increase to meet demand.
Mehki told IE Voice and Black Voice News: Many of my friends don’t think that way. I’m old and want a place to stay, but now I know I can’t afford it.
Mekhi is pursuing a career as a psychiatrist, but knows that his starting salary may be at home longer than he originally wanted.
Meanwhile, as the current moratorium time gradually shortens, advocacy groups (and some landowners) have given the state legislature a clear path for those at risk of eviction in the coming months. I’m looking for a plan to define. The end of the year.
Many Inland Empire residents earn Below What’s Needed for Housing Source link Many Inland Empire residents earn Below What’s Needed for Housing