As many may know, the 2011 Housing Wage Report was released on April 21, by Vermont Housing Finance Agency. This is an annual report that provides a comprehensive outlook of affordable housing in Vermont. Its data is used to inform many people, advocates and representatives alike, on the critical housing shortage and continued need for affordable housing in Vermont. On Thursday the 21, VHFA held a press release at the State House in the Cedar Creek Room. To view photo’s and to find out more about the event, click here: Housing report release event One of the major findings from the report is that the average cost of a modest 2bdr apartment in Vermont, $990/month, has increased by 7% in the past year (from 2009-2010), an astonishing 58% increase since 2000. A renter would need to earn an hourly wage of at least $19.03 — or $39,595, annually — to afford this. To find out more results from the report, read the following:
News coverage:
Burlington Free Press, April 21 – Report says Vermont housing remains unaffordable
Burlington Free Press, April 22 – Vermont Housing Report: Developers face obstacles in building rental properties
Burlington Free Press, April 22 – Affordable housing out of reach for more and more Vermonters, report says
Burlington Free Press, April 22 – Rising costs, shrinking budgets put low-wage earners at risk
Associated Press, April 21 – Vermont group’s annual study says housing costs out of reach for many
Bennington Banner, April 21 – The gap between housing costs, wages widens
Vermont Digger, April 22 – Report: Housing costs in Vermont escalate, even in recession
Vermont Public Radio, April 21 – In spite of recession, housing costs rise
WAMC, Northeast Public Radio, April 22 – Maura Collins (VHFA) and Erhard Mahnke (VAHC) on Housing Wage Report
WDEV, April 22 – VHFA Executive Director Sarah Carpenter talks H/W Report
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