Most can't afford Washoe County rent rates

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 4/22/2013 6:28 pm
RENO, Nev. (MyNews4.com & KRNV) –A national group pushing for more low-income housing says more than half the people who rent housing in Washoe County cannot afford a typical two-bedroom apartment.

The National Low Income Housing Coalition based its recent report on the assumption that renters can afford to spend 30 percent of their income on housing.

In Washoe County, the fair market rent for two bedrooms was put at $953 while the typical renter could only afford about $680 under federal guidelines.

Coalition research director Megan Bolton says it's especially difficult for low-wage workers to find apartments.

Reno Housing Authority Executive Director David Morton told the Reno-Gazette Journal that while Housing and Urban Development guidelines suggest a family spend 30 percent of its income on housing, many can actually afford to spend more.
Share
2 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

Tommy - 4/22/2013 10:59 AM
0 Votes
Government control of private enterprise is Fascism. Government control of government enterprise is Communism. Neither of these is what made America great in the past.

COMANCHE - 4/22/2013 10:49 AM
0 Votes
"The government-determined limit of 30%". Dude! Why are there so many economic illiterates? Left-leaning, state-managed, public education perhaps? Let people decide how much they are willing to pay. Let the friggin' rental market stabilize itself. If the government subsidizes "low-income" housing, prices will just continue to go up in a never-ending cycle that we all pay for in perpetuity. This is another example of the same leftist, democrat, progressive stupidity that caused the housing and the soon-to-be student loan education bubble in the first place. If you think someone else is "paying the freight" then you don't care what something costs. Duh! You can't fix stupid! It's up to people with common sense, regardless of their education level, to call this nonsense out when they see it. COMANCHE OUT (COMANCHE is a product of public education but is not stupid).
NEWSCASTS ON DEMAND

What's On

All content © Copyright 2013 Intermountain West Communications Company. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
You may also view our Sitemap

Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.