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Rental Housing Affordability Impacts Educational and Employment Opportunities

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  • Eileen Divringi

Abstract

Though safe, stable housing is widely recognized as a basic human need, it is far from assured for many renters in the Third Federal Reserve District. Across Delaware, New Jersey, and Pennsylvania, the lowest-income renters faced severe shortages of affordable and available units (Figure 1) in 2014, leading to widespread housing cost burdens among households with the most limited means. In all three states, the share of lower-income renter households with unaffordable housing costs1 grew significantly from 2005 to 2014, ranging from over two-thirds in Pennsylvania to more than three-quarters in New Jersey in the most recent estimates.

Suggested Citation

  • Eileen Divringi, 2017. "Rental Housing Affordability Impacts Educational and Employment Opportunities," Cascade, Federal Reserve Bank of Philadelphia, vol. 1, April.
    • Handle: RePEc:fip:fedpca:0075
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    Keywords

    rental housing; employment;

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