Following up on our recent deep dive into the housing crisis, today we’re taking a deeper look at affordable housing. There’s not enough of it in this economy, but getting more built is a hard nut to crack.
But what exactly is affordable housing? And, what’s considered affordable these days?
Experts say there are generally two large buckets. Big “A” affordable housing is publicly subsidized units that are intended for low-income households. Small “a” affordable housing is generally considered housing priced at no more than 30% of a household’s budget.
Either way, there’s a shortage.
“Part of the issue is that after the last recession, we had more higher-income renters who were stuck in the rental market or who chose to stay in the rental market longer. So then we just see rents continue to rise,” said Whitney Airgood-Obrycki, a senior research associate at Harvard’s Joint Center for Housing Studies, which just released a report on the state of the nation’s housing.
On today’s show, Airgood-Obrycki makes us smart about the realities of America’s affordable-housing crisis and its impact on the broader economy.
In the News Fix, we’ll discuss a new report that may offer clues about where all the affordable homes may have gone. Plus, the Federal Reserve takes consumers’ attitudes about inflation seriously. But it turns out that measuring those attitudes isn’t exactly a hard science. We’ll explain.
Then, we hear from listeners about the Supreme Court overturning Roe v. Wade, mortgage rates and old school typing rules.
Here’s everything we talked about today:
Do you use two spaces after a period? Let us know. Email us at firstname.lastname@example.org. You can also leave us a voice message at (508) 827-6278 or (508) U-B-SMART.
Your donation powers the journalism you rely on. Give today to support Make Me Smart.