​Housing affordability, especially among US workers earning minimum wage, continues to be a crisis, according to a report from the National Low Income Housing Coalition (NLIHC).

The report states that nowhere in the country can those earning minimum wage afford a "modest two-bedroom rental home at fair market rent by working a standard 40-hour work week."

This will not help to "solve the housing affordability crisis," the report states.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.