Rents are Rising Steadily

The US Department of Housing and Urban Development considers housing “affordable” when residents pay no more than 30% of their income on housing costs.

Thirty-eight percent of all renter households in Albany County have housing costs that exceed this definition of “affordable.” That's 19,269 households who can't afford their rent!

The current HUD "fair market rent" for a 3-bedroom apartment in Albany County is $1,019 per month and rising.

Source: http://www.huduser.org/datasets/fmr.html
 

Students

Many colleges and universities are finding that students have become annual fodder for substandard housing rented to students. Increasingly, the lack of decent affordable rental housing is impacting neighborhoods as well as institutions, not to mention the renters themselves.

Poverty & Housing

Learn more about poverty in the Capital District and the impact of housing on quality of life. Read this recent report by the Albany Diocese:  Poverty in the Diocese of Albany: A Threat to the Common Good.