For the orientation of new Bread for the City staff, volunteers, and interns, Wendy Guyton (Social Services) and Rebecca Lindhurst (Legal Clinic) teamed up to create a Powerpoint presentation about affordable housing in DC. I found it very helpful, and I think you will too.
Affordable Housing Crisis in the District of Columbia
Some of the facts that really jumped out at me:
- Housing is considered affordable if it is 30% of a household's budget. One in five DC residents have severe housing affordability problems, meaning they spend more than half of their income on housing.
- "Fair Market Rent" for a two-bedroom in DC is $1,494 a month. But households using safety net programs bring home far less: $674 for SSI, $270 for Interim Disability Assistance, and $428 for a mother and two children on TANF.
- A minimum wage worker ($8.25/hr in DC) must work approximately 139 hours per week to afford a 2-bedroom apartment at Fair Market Rent.
- In the last ten years, DC has lost one-third of its affordable housing stock.
- There are 31,777 names on the waiting list for affordable housing. Of them, 16,000 are designated as homeless.