You are now being logged in using your Facebook credentials
Allstate Gospel Superfest Battle of the Bands New Talent Search to Return in August!

Allstate Gospel Superfest Battle of the Bands New Talent Search to Return in August!

Producers of the Allstate Gospel Superfest

The Allstate Gospel Superfest Battle of the Bands New Talent Search to Return in August!- Jacksonville, Memphis & Washington, DC Chosen to Host the 2014 Competitions -(BLACK PR WIRE) – Cincinnati, OH – Producers of the Allstate Gospel Superfest will conduct its sixth annual new talent initiative in three major U.S. cities this coming…

Read More...
Dorothy Buckhanan Wilson Installed as International President of Alpha Kappa Alpha Sorority, Incorporated

Dorothy Buckhanan Wilson Installed as International President of Alpha Kappa Alpha Sorority, Incorporated

Charlotte, NC (BlackPR.com)

Dorothy Buckhanan Wilson of Milwaukee, Wisconsin, a business executive, was installed as the 2014-2018 International President of Alpha Kappa Alpha Sorority, Incorporated (AKA)

Read More...
Nielsen Expands Communications Leadership Team with Key Media Relations Hire

Nielsen Expands Communications Leadership Team with Key Media Relations Hire

New York (BlackPR.com)

New York (BlackPR.com) -- Nielsen today announced that Andrew McCaskill has joined Nielsen as Senior Vice President, Corporate Communications. He will report to Chief Communications Officer Laura Nelson.

Read More...
Voter Suppression: It’s Mobilization Time

Voter Suppression: It’s Mobilization Time

Written by Peter Grear

With this article we will start detailing the ingredients of a revisable action plan that needs comments and revisions as we move toward the Tuesday, November 4, 2014 General Election.  

Read More...
Las Vegas Comedian James Bean's Candid Account Of His Struggle With Suicide

Las Vegas Comedian James Bean's Candid Account Of His Struggle With Suicide

WHEN THE HUMOR IS GONE

James Bean has shown insight and understanding of the darkest moments of many people’s lives as well as ideas on how one could begin to create a life worth living even out of the depths of despair.” -– Rhonda Duncombe, LMFT, LADC

Read More...
Voter Suppression: NC Black Republican Advisory Board

Voter Suppression: NC Black Republican Advisory Board

Written by Peter Grear

Educate, Organize and Mobilize: I confess that I’m amazed. The Republican National Committee and the Republican Party of North Carolina announced last week that they have launched theNorth Carolina Black Advisory Board (BRAB) 

Read More...
Tips for Managing Stress in Your Life

Tips for Managing Stress in Your Life

Written by State Point

Stress is not only unpleasant; it can be overwhelming, ultimately preventing you from solving the problems that caused the stress in the first place. But getting focused can help you feel happier and be more successful professionally, financially and in your relationships, say experts.

Read More...
Voter Suppression: Defeating it requires two massive efforts

Voter Suppression: Defeating it requires two massive efforts

Written by Peter Grear

For black voters, Benjamin Jealous expressed what I believe to be the critical message for black voters when he said that the best way to overcome massive voter suppression is through a massive wave of voter registration.  Thankfully, the NAACP is putting this theory into action through the Youth Organizing…

Read More...
Black Women are Taking Care of Business

Black Women are Taking Care of Business

Written by Freddie Allen

Instead of breaking the glass ceiling, Black women have increasingly started making their own. According to the Center for American Progress, an independent, nonpartisan progressive institute, Black women are the fastest-growing group of entrepreneurs in the country.

Read More...
Voter Suppression: Is it partisan?

Voter Suppression: Is it partisan?

Written by Peter Grear

Educate, Organize and Mobilize: I’ve been doing commentaries on our Campaign to Defeat Voter Suppression since November, 2013.  Because the right to vote is fundamental to our democracy, I’ve tried to promote a non-partisan theory of voter enfranchisement. 

Read More...
Why vote? ALEC and the Doctrine of Exclusion

Why vote? ALEC and the Doctrine of Exclusion

By Peter Grear

Educate, Organize and Mobilize: Frequently, in going forward it is imperative to examine your history.  In 1638 the Maryland Colony issued a public edict encouraging the separation of the races that became the public policy of America. 

Read More...
Download Greater Diversity News Digital PDF Edition for FREE

Download Greater Diversity News Digital PDF Edition for FREE

FREE Full PDF Edition includes stories not featured on the website

The FREE Full PDF Edition includes stories not featured on the website. No paper, no hasel, read on your laptop or mobile devices. 

Read More...
Frontpage Slideshow | Copyright © 2006-2011 JoomlaWorks Ltd.

Home Page

America’s Families Carry Heavy Housing Burdens, Says New Report

Written by Charlene Crowell on 19 March 2012.

Despite continued reductions in home prices and mortgage interest rates, housing affordability remains a growing problem for many Americans. That was the key finding in a new study, Housing Landscape 2012, from the Center for Housing Policy. After analyzing Census data on housing costs and incomes the organization found that both homeowners and renters are struggling to pay for housing. Since 2008, affordability has eroded for working households in 24 states. Moreover, nearly one in four working households in the country spent more than half of their total income on housing.

 

According to Jeffrey Lubell, executive director of the Washington-based Center for Housing Policy, “The data show that homeowners have been hit hard by the housing crisis in more ways than just lost equity. Many homeowners have been laid off or had their hours cut.”

In the aftermath of millions of foreclosures, landlords faced a higher market demand. With more people searching for rental units, many landlords began charging higher prices. Even for homeowners who were able to keep up with mortgages, weak employment figures that translated into either unemployment or fewer working hours reduced available monies for living costs.

The report defined ‘working households’ as those with members working at least 20 hours per week on average and a household income of no more than 120 percent of their area median income. In 2010, nearly one-third of all owner-occupied families met the definition of working families. Nationally, the median income for working household owners in 2010 was slightly higher than $41,000 or about 80 percent of the median income for all American homeowners.

Families are considered housing cost burdened if their costs exceed 30 percent of monthly income. Severely cost burdened households spend 50 percent or more of their income on housing.

Other key findings from the report:
· The share of working households with a severe housing cost burden increased from 21.8 percent in 2008 to 23.6 percent in 2010.

· Despite falling house prices, working households who own their homes continue to face severe housing cost burdens. This financial stress is driven in large part by a decrease in the median number of hours worked per week and a resulting drop in income.

· With both increased rents and decreased incomes in these years, working renters fared even worse over the two year period studied. Although incomes increased somewhat between 2009 and 2010, the housing costs of renters over the two-year period rose by four percent.

After comparing housing cost burdens state-by-state, the Center then compared the nation’s 50 largest metropolitan areas. California, the nation’s most populous state, had the highest share of cost-burdened households of any state. Its metro areas of Los Angeles-Long Beach, San Diego-Carlsbad and Riverside-San Bernardino were three of the nation’s worst hit local markets.

Yet it was the Miami-Fort Lauderdale- Pompano Beach market that proved to be the hardest hit local area in the country with more than four of every ten families with a severe housing burden. Among the 50 metro areas with the highest housing burdens, 13 were in the South.
These disturbing statistics tell us that while every family needs a home, it is increasingly difficult for parents to provide for their loved ones. Homes, whether rented or owned, are where children come home from school and parents come home from work. It’s also where birthdays, anniversaries and other activities provide a sense of place and belonging.

In the film classic, It’s a Wonderful Life, George Bailey understood the importance of a home. In a memorable scene, George, played by actor Jimmy Stewart, pleaded with a local banker to understand how the people who did most of the working, living and dying in their town deserved a decent place to live. In 2012, this nation needs a real life George Bailey.

###

Charlene Crowell is a communications manager with the Center for Responsible Lending. She can be reached at: Charlene.crowell@responsiblelending.org



Read more: http://www.nnpa.org/news/america%e2%80%99s-families-carry-heavy-housing-burdens-says-new-report-by-charlene-crowell/#ixzz1pa5k6Vlu

GDN Link Exchange