Over 50% of DC renters are spending more than half their income on housing expenses - FORECLOSURE FRAUD

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Over 50% of DC renters are spending more than half their income on housing expenses

Over 50% of DC renters are spending more than half their income on housing expenses

WASHINGTON — Renting can be costly, but more and more people in the District are feeling firsthand just how much. According to a new study, over half of renters in D.C. are spending more than half of their income on living expenses.

The United Planning Organization (UPO), a community action agency in D.C., released a report on Tuesday which shows that 44,000 D.C. renter households pay over half their income for housing, which is more than the 36,000 that was doing this in 2010.

Most of those renters have low incomes. As a result, they suffer more severe burdens than in the past when it comes to housing costs. Sixty-five percent of renters with incomes under $50,000 had more burdens in 2022, which is up from 50% in 2014. They are also at high risk of eviction, food insecurity, difficulties in school and adult depression.

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https://www.wusa9.com/article/news/local/dc/over-half-of-dc-renters-spending-more-than-half-their-income-housing-expenses/65-d76a3128-f948-436d-82dd-f6506ee6f3bd

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