Howard University Research Reveals D.C.’s Rent Control Winners and Losers
By Gary Thill For years, cities have used rent control to address the persistent problem of housing instability among underserved populations, such as African Americans. In the aftermath of the COVID-19 pandemic and the nation’s mounting housing affordability crisis, rent control has again become a lever that policymakers are looking to pull. Per United States Department of Housing and Urban Development (HUD) standards, 40% of renters nationwide are in the “cost burdened” category, meaning they spend more than 30% of their income on housing. Moreover, though rent has climbed 135% since 1999, incomes have only increased by 77%, according to research The post Howard University Research Reveals D.C.’s Rent Control Winners and Losers appeared first on HBCU News.
By Gary Thill For years, cities have used rent control to address the persistent problem of housing instability among underserved populations, such as African Americans. In the aftermath of the COVID-19 pandemic and the nation’s mounting housing affordability crisis, rent control has again become a lever that policymakers are looking to pull. Per United States Department of Housing and Urban Development (HUD) standards, 40% of renters nationwide are in the “cost burdened” category, meaning they spend more than 30% of their income on housing. Moreover, though rent has climbed 135% since 1999, incomes have only increased by 77%, according to research
The post Howard University Research Reveals D.C.’s Rent Control Winners and Losers appeared first on HBCU News.
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