Shelterforce reposted this
In this recent Shelterforce article Harvard Joint Center for Housing Studies researcher, Daniel McCue, describes the precarious financial reality of the homeowners we serve. "Older adults with low incomes are especially feeling the pain. Remarkably, even among those without a mortgage, fully 57 percent of homeowners over age 65 with incomes below $30,000 are cost burdened—reflecting the high cost of property taxes and insurance. Adding a mortgage payment on top of those costs increases the burden rate to a sky-high 95 percent of homeowners in this group." 🔗: https://lnkd.in/ekumHkjR