HUD is currently proposing the use of Small Area Fair Market Rents (FMRs) in administering the Housing Choice Voucher (HCV) program for some metro areas. With this rule, HCV tenants would receive a subsidy adequate enough for them to move into areas of higher opportunity and lower poverty. Read the rule (PDF) Comments are…
In order to afford a modest, two-bedroom apartment at the HUD-determined Fair Market Rent and utilities of $949/mo. in metro Atlanta, renters need to earn $18.25 per hour. This is Metro Atlanta’s 2016 Housing Wage, revealed in a national report released today. The report, Out of Reach 2016, was jointly released by the National Low…
The Federal Reserve Bank of Atlanta, Georgia ACT, and the Georgia Tech School of City and Regional Planning hosted a reception in March that featured two outstanding housing experts examining the increasing hardships faced by low income renters. Dr. Matthew Desmond shared findings from his book on the consequences of evictions, once common outcome faced…