Study: More Renters Being Hit Hard

Bloomberg businessweek reports a study by the Joint Center for Housing Studies at Harvard University has determined the availability of less expensive apartments has not kept up with demand. This has lead an added 2.5 million people in four years to pay over 50 percent of their income for housing—28 percent of all renters, as rents have increased and real income has declined. MHProNews has been informed the vacancy rate fell from 10.6 million in 2009 to 8.4 million this year. If Congress sheds the Low-Income Housing Tax Credit the situation will worsen. The study also states one in five manufactured homes have left the housing stock from 2001 to 2011.

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