Affordable housing is defined as:
An estimated 12 million renter and homeowner households now pay more then 50 percent of their annual incomes for housing, and 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.housing in which a renter/homeowner pays no more than 30% of their annual income on housing
The lack of affordable housing is a significant hardship for low-income households preventing them from meeting their other basic needs, such as nutrition and healthcare, or saving for their future and that of their families.
There is NOT ONE COUNTY in the US where an individual can work 40 hours per week at the minimum wage and afford a one-bedroom apartment at the local fair market rent
To see how large the affordable housing crisis is worldwide,
check out a video from Habitat for Humanity
Have some extra time, check out this NY Times Editorial on Affordable Housing.
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