Go Back   New Orleans Saints - blackandgold.com > Main > NOLA

New Orleans 'unlikely' to meet housing affordability goals, while housing remains 'out of reach' for minimum wage workers

this is a discussion within the NOLA Community Forum; New Orleans renters would need to earn an hourly wage of at least $19.15 to afford a modest two-bedroom apartment, according to a recent housing report. New Orleans? spotlight in Out of Reach: The High Cost of Housing from the ...

Reply
 
LinkBack Thread Tools Display Modes
Old 06-13-2018, 11:30 AM   #1
Site Admin
 
Join Date: Mar 2007
Location: New Orleans
Posts: 11,176
Blog Entries: 2
New Orleans 'unlikely' to meet housing affordability goals, while housing remains 'out of reach' for minimum wage workers


New Orleans renters would need to earn an hourly wage of at least $19.15 to afford a modest two-bedroom apartment, according to a recent housing report.

New Orleans? spotlight in Out of Reach: The High Cost of Housing from the National Low Income Housing Coalition and the Greater New Orleans Fair Housing Action Center also reports that minimum wage earners ? relying on the state?s federal-set hourly rate of $7.25 ? aren?t able to afford even a one-bedroom apartment, unless they?re working 88 hours per week, up from 84 hours per week in 2017.

The city even falls short of poorly ranked statewide averages, which would require an hourly wage of*$16.63 for a modest two-bedroom rental.

The report's measure of "modest" housing is one in which a renter's income is not "rent-burdened" by spending 30 percent or more of that income on housing costs.?
admin is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules


All times are GMT -5. The time now is 01:09 AM.


Copyright 1997 - 2018 - BlackandGold.com
no new posts