Affordable Housing, Community Development, Federal News, Homelessness, Supportive Housing

CHN Report Shows the Poor Pay More for Less

Coalition on Human Needs (CHN)
 

The Coalition on Human Needs (CHN) noted that recently released Census numbers indicate the U.S. experienced the largest decline in poverty (3.5 million people between 2014 and 2015) since 1999. However, almost 60% of households earning less than $20,000 per year spend more than half of their income on rent.

Poor households are often forced to spend their limited remaining income on expensive low-quality food due to their lack of access to less expensive grocery stores. These households are also often limited to payday loans when they experience financial strain, which only exacerbates their debt and pulls them further into poverty.

African American and Latino families are far more likely to suffer from these circumstances than any other group. They are more than twice as likely to live in poverty as their white counterparts.

To reduce the high cost of poverty, CHN suggests increasing federal funding for housing subsidies. Due to the limited government resources, only a quarter of qualified renters receive housing assistance. They also suggest expanding the Supplemental Nutrition Assistance Program (SNAP) and restricting predatory lending practices.

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