March 2012: The National Low Income Housing Coalition released its Out of Reach report, which is posted in downloadable format below. The following bullets were noted by Paul Jarvis, Legislative Liaison for Ohio Developmental Disabilities Council. The report underscores the challenges faced by those who seek to provide affordable and accessible housing for people with disabilities.
· Among ELI (Extreme Low Income) households, those relying on fixed incomes face the most limited housing choices. Roughly 8 million individuals receive Supplemental Security Income (SSI) because they are elderly, blind or disabled and have few economic resources. With the maximum federal monthly payment of $698 in 2012, Out of Reach estimates that an SSI recipient can afford rent of only $209. SSI is the only source of income for 57% of all recipients. Among those reliant on SSI, there is not a single county in the U.S. where even a modest efficiency apartment, priced according to the FMR (Fair Market Rent), is affordable. – page 3
· Ohio Ranks 34th in the nation for hourly wage needed to afford a two-bedroom apartment – $13.43 per hour
· An Ohioan earning minimum wage ($7.70 per hour) would need to work 70 hours per week to afford a two-bedroom apartment with a fair market rental rate.
· The fair market rent of a two-bedroom apartment in Ohio is $698 per month.
· An Ohioan would need to earn $13.43 per hour, work 40 hours per week, 52 weeks per year to avoid spending more than 30% of their income on a two-bedroom apartment offered at fair market rent.
· An SSI recipient in Ohio faces a $489 monthly gap to afford a two-bedroom apartment offered at fair market rent.