THE AFFORDABILITY CRISIS
Homelessness, substandard housing and the lack of affordable options are part of a national crisis that destroys lives, wrenches families apart and degrades communities. Every day more people live on the edge and solutions are often elusive.
Houston has experienced some of the highest housing cost increases in the nation.
• 36% increase in cost to rent an apartment
• 33% increase in cost to buy a single family home
High housing costs leave low-income persons with little money for other important expenses like healthcare, food and education. This leads to difficult budget trade-offs. National studies report that one in four renters paid more than 50% of their income on housing costs.