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As the economy slows across the US

Posted by MHOAI Staff on March 25, 2020 in In the News, Uncategorized | 221 Views

raises new concerns over RENT increases
See Lift the Ban movement in Chicago
www.ltbcoalition.org/

The Real Deal
Rent burden is when a household spends more than 30% of its income on rent; the extreme rent burden is when more than 50% of income is spent on rent.
A rent-burdened household is unlikely to have enough income for other essentials such as food and medicine.

There isn’t a single, organized rent control movement across the country. Instead, a loose network of groups like Harvey’s is winning key fights in some of America’s biggest cities and states. They’ve won “good cause” eviction requirements for New York mobile home communities and successfully fought for rent caps in Oregon and California. Groups across the U.S. and Canada are also sharing notes. One regular monthly conference call brings together 30 different tenant unions, including groups from British Columbia, Los Angeles, Iowa, and Suffolk County. And they’re pushing for major reforms in Seattle, Colorado, and Illinois.
//therealdeal.com/national/2019/10/03/how-rent-control-battles-are-playing-out-across-the-us/

Posted in In the News, Uncategorized | Tagged affordable housing, landlord, rent

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The U.S. entered into its first housing downturn of the post–Great Financial Crisis era.→

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