NC’s latest housing problem – a lack of safe, affordable rental properties (video)
The two-day NC Affordable Housing Conference kicks off Tuesday at the Raleigh Convention Center. And while many will be looking for an update on the foreclosure crisis, Chris Estes says an even larger problem may be the availability of safe, affordable rental housing in North Carolina.
With the state’s 10.5% unemployment rate and continued uncertainty about the economy, many in their 20s and 30s are putting off the dream of home ownership in favor of renting.
Estes, executive director of the N.C. Housing Coalition, says that shift in the marketplace makes it even more difficult for workers with low to moderate incomes, seniors and people with disabilities to find a decent place to live.
According to the National Low Income Housing Coalition (NLIHC), 49% of renters in our state cannot afford a two-bedroom apartment at Fair Market Rent (FMR). In North Carolina, the FMR for a two-bedroom apartment is $718.
Estes discussed the shortage of rental housing this past weekend on News and Views. To hear a portion of his radio interview with Chris Fitzsimon, click below. To list to the full interview – including our interviews with UNC law professor Maxine Eichner and former ENCSD Dean Gary Farmer - visit the Radio Interview section of the N.C. Policy Watch website. There you can listen to the entire show online or subscribe to our podcast feed on iTunes.