To effect positive change in the housing system to obtain equitable, affordable and secure housing for allĀ Cumberland County residents.
Three strategic goals will direct our efforts:
Educate the community about the need for more safe, equitable, and affordable housing opportunities for all Cumberland County residents.
Advocate for programs, policies, and funding that make housing more attainable for all Cumberland County residents.
RENT AND UTILITY INCREASES OUTPACE INFLATION:
According to federal standards, a person should spend 30% or less of their income on housing. Any amount above 30% is considered being house burdened, which places a significant financial strain on individuals and families, often forcing them to make difficult choices between housing, food, healthcare, and other necessities.
The National Low-Income Housing Coalition reported that the fair market rent in Cumberland County during 2022 for a two-bedroom apartment was $1,228/month. A household would need to make $23.62/hour or $49,120 annually to cover their housing needs. But many rentals are listed at a much higher price point than this. The current cost of housing puts a heavy burden on low-income and under-employed families and individuals.
LOW HOUSING INVENTORY:
In a balanced housing market there would be six months of inventory supply. When supply is low, it tends to push prices up more rapidly. (Source: Meredith Dunn, Research Communications Manager, National Association of REALTORSĀ®)
Cumberland County’s housing supply has been low for some time and this impacts affordability for many families and individuals.
Join Our WorkHousing Coalition of Cumberland County © 2024