Working together to improve affordable housing in the Carolinas
Members of the Carolinas Chapter of the CREs have a strong commitment to their communities and believe in sharing their real estate expertise to improve the places where they live and work.
Affordable housing is a pressing national concern, but it’s critical in Charlotte and the greater Carolinas region.
According to the National Low-Income Housing Coalition’s 2017 report, every major metropolitan area in the US has a shortage of affordable and available rental homes. Growth in low-income households from 2000 to 2015 has outpaced production of housing units affordable to them.
Affordable housing is defined as housing costs – including utilities – of no more than 30 percent of an individual’s or family’s income. Cost-burdened households are those paying more than 30 percent for housing costs, and insecure households spend more than 50 percent of income on housing or are experiencing homelessness.
The people who need affordable housing include essential workers. They are customer service agents, who make a median hourly wage in NC of $15; healthcare aides ($10 an hour); retail sales associates ($10 an hour); and food prep workers ($8 an hour).
Increasing the supply of affordable housing is of vital importance to all of our communities. Building, broadening, and sustaining affordable housing requires a commitment from all involved. In addition to leading the Carolinas Chapter of the CRE, I serve on the board of Community Link, a non-profit whose mission is to enable individuals and families to obtain and sustain safe, decent and affordable housing. Given the Carolinas Chapter’s talented and skilled membership, I know we can contribute significantly to ensuring families have access to affordable housing in our communities.
I look forward to collaborating with everyone on this important topic.
- Geoffrey Curme
AFFORDABLE HOUSING UNITS NEEDED IN CHARLOTTE TO MEET DEMAND
INCOME OF AREA FAMILIES MOST IN NEED OF AFFORDABLE HOUSING
HOUSEHOLDS AT RISK OF FORMAL EVICTION EACH MONTH FY 2015-2016
NUMBER OF FULL-TIME JOBS A WORKER EARNING MINIMUM WAGE MUST WORK TO AFFORD RENT
NUMBER OF HOURS REQUIRED AT MINIMUM WAGE TO AFFORD A 2BR APARTMENT
NUMBER OF STUDENTS IN MECKLENBURG COUNTY IDENTIFIED AS HOMELESS
*sources: MecklenburgHousingData.org, Charlotte Magazine