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TMCNet:  Severe Housing Affordability Problems as Weak Income Growth, Strong Rental Market Force Tough Choices for Renters

[December 08, 2013]

Severe Housing Affordability Problems as Weak Income Growth, Strong Rental Market Force Tough Choices for Renters

--(Business Wire)--

Harvard's Joint Center for Housing Studies:



Harvard's Joint Center for Housing Studies highlights affordability problems in rental housing as increasingly steep costs burden once-secure working and middle class families. Americans who rent their homes are forced to spend an increasing proportion of their income - in some cases more than half- on housing, making it more difficult than ever to make ends meet. The affordability dilemma impacts the health and well-being of American renters, with negative implications for the economy, as lower-income households cut back on other spending just to keep a roof over their heads. In the aftermath of the economic collapse, more families are forced to rent, and because of the slow-growing economy, wage growth is not keeping up with the widespread rental housing market recovery.


America's Rental Housing: Evolving Markets and Needs will be released at a special, day-long event, featuring newsmakers, housing experts and government leaders. The event will also be webcast live at


To receive an advanced, embargoed copy of the report, please contact


Principal support for this report was provided by the John D. and Catherine T. MacArthur Foundation.



Monday, December 9, 2013 from 11:00AM to 6:00PM


Newseum, 555 Pennsylvania Ave NW, 7th Floor, Washington, DC 20001


times and attendees are subject to change


11:00 AM: Honorable Shaun Donovan, Secretary, U.S. Department of Housing and Urban Development


11:35 AM: Chris Herbert (Report Presentation), Research Director, Harvard Joint Center for Housing Studies


12:30 PM: Dr. Michael Stegman, Counselor to the Treasury Secretary for Housing Finance


1:00 PM: Future Directions in Assisted Housing

-- Chris Arnold, NPR (News - Alert) (Moderator)

-- Mark Calabria, Director of Financial Regulation Studies, Cato Institute

-- Erika Poethig, Director of Urban Policy Initiatives, Urban Institute


2:00 PM: Honorable Mark Warner, Senator from Virginia


2:45 PM: The Evolution of the Rental Housing Market

-- Nick Timiraos, Wall Street Journal (Moderator)

-- Tom Bozzuto, Chairman and CEO, The Bozzuto Group

-- Constance Moore, President and CEO, BRE Properties

-- Sean Dobson, CEO and Chairman, Amherst Securities

-- Shekar Narasimhan, Managing Partner, Beekman Advisors


4:00 PM: Honorable John Hickenlooper, Governor of Colorado



If you are interested in attending or speaking with any of the participants, please contact:

Audrey Chang,, 202-295-8779

Kerry Donahue,, 617-495-7640


Social Media: This event will be webcast live at and @Harvard_JCHS will share updates from the event on Twitter (News - Alert) with the hashtags #RentalHousing and #HarvardHousingReport.

About JCHS: The Harvard Joint Center for Housing Studies advances understanding of housing issues and informs policy. Through its research, education, and public outreach programs, the center helps leaders in government, business, and the civic sectors make decisions that effectively address the needs of cities and communities. Through graduate and executive courses, as well as fellowships and internship opportunities, the Joint Center also trains and inspires the next generation of housing leaders.

About The MacArthur Foundation: The MacArthur Foundation supports creative people and effective institutions committed to building a more just, verdant, and peaceful world. In addition to selecting the MacArthur Fellows, the Foundation works to defend human rights, advance global conservation and security, make cities better places, and understand how technology is affecting children and society. More information is at

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