1 in 4 households in Omaha live in unaffordable housing

0

To understand the problem of affordable housing, you must first understand affordable housing. It’s not the same as unaffordable low-income housing. “So what a family or an individual needs to set aside to obtain and retain safe and affordable housing is different,” said Meridith Dillon, who is researching the issue in Omaha. “Other things will fall by the wayside, things that matter, like your health care or your savings.” Dillon helped lead an assessment of the affordability and housing needs of the Omaha metro. The results are clear. One in four households spend more than a third of their income on housing. There are just 20,000 dedicated affordable housing units serving more than 98,000 needy households. It’s currently growing from a gap of 78,000 to over 100,000,” Dillon said. “Some Omaha nonprofits with the deepest pockets, like the Suzanne and Walter Scott Foundations and the Warren Buffett-backed Sherwood Foundation, funded research on this topic through their grantees and many of their partner organizations,” explained Dillon. that housing was a challenge.” The labor theory states that some of the other challenges people face in education or healthcare could improve if Omaha can solve its affordable housing problem. The assessment indicates a safe and affordable one Two studios in Omaha now cost more than $980 a month to afford that, a household must earn at least $19 an hour, and the assessment notes that “many jobs in the area far be paid below this housing wage.” “The current status is that we have a significant Be may have and have to do something differently to address it,” Dillon said. And the sooner the better, she said. Because, according to Dillon, the longer Omaha waits, the more expensive the repairs will be.

To understand the problem of affordable housing, you must first understand affordable housing.

It’s not the same as low-income housing.

Put simply, regardless of your tax bracket, if you spend more than 30% of your budget on housing, it’s not affordable.

“So what a family or an individual needs to do to get and keep safe, affordable housing is different,” said Meridith Dillon, an Omaha researcher. “Other things will fall by the wayside [if you’re in unaffordable housing]Things that matter, like your health care or your savings.”

Dillon helped lead an assessment of the affordability and housing needs of the Omaha metro.

His results are awesome.

Every fourth household pays more than a third of its income for housing. There are only 20,000 affordable housing units for more than 98,000 needy households.

It’s a gap of 78,000 right now.

“If we continue to produce the number of affordable housing units that we produce each year, status quo, we expect that gap to grow to over 100,000,” said Dillon.

Some of Omaha’s deepest-pocketed nonprofits, such as the Suzanne and Walter Scott Foundations and the Warren Buffett-backed Sherwood Foundation, funded research on the topic.

“They heard about housing from a lot of their grantees and a lot of their partner organizations,” explained Dillon. “It was a common theme that housing was a challenge.”

The labor theory states that if Omaha can solve its affordable housing problem, some of the other challenges people face in education or healthcare could improve.

The valuation shows that a safe and affordable two bedroom apartment in Omaha now costs more than $980 a month. To afford that, a household must earn at least $19 an hour, and the assessment notes that “many jobs in the area pay well below that housing wage.”

“The current state is that we have a significant need and we need to do something else to address that,” Dillon said.

And the sooner the better, she said. Because, according to Dillon, the longer Omaha waits, the more expensive the repairs will be.

Share.

Comments are closed.