FEDERAL HOMELESS POLICY UPDATE
Saturday, January 1st, 2005If you don’t already own a home, I’d like to suggest that becoming a homeowner in 2005 be among your New Year’s resolutions. As long as you have a steady salary, good credit, and few long-term debts, purchasing a home is probably within your reach.
HUD Secretary Alphonso Jackson
HUD News Release, 12/22/04
Each year the National Low Income Housing Coalition issues the publication Out of Reach, a report documenting the struggle low-income individuals and families face in accessing and maintaining affordable housing. Utilizing a measure called the “housing wage,” this year’s report indicates that that there is not a single jurisdiction in the country where a person working full time earning the prevailing minimum wage can afford a two bedroom rental home. (more…)