v>The rule of thumb is that your housing cost should be no more than 30 percent of your income. That’s a pipe dream for too many of the poorest Illinoisans, according to a new report from the National Low Income Housing Coalition. It says there are only 30 affordable rental units for every 100 of the lowest income citizens.
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“We need government to come in and fill the gap … specifically by funding the federal housing trust fund, which would be a new federal resource,” says Bob Palmer, policy director of Housing Action Illinois. “There’s a deficit of 321,394 rental units that are affordable and available to extremely low income households, (defined as) those that have income at or below 30 percent of their local area median income,” Palmer says of the Illinois numbers.
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