The rule of thumb for housing affordability is an amount that is not more than 30% of household income. Households paying more than 30% of income to housing costs (including utilities) are said to be “cost burdened.” Households paying more than 50% of income for housing are said to be “severely cost burdened.”
Delaware has experienced 26,000 foreclosures in the past five years, and the number of homes sold at sheriff’s sales increased 35% from 2010 to 2011, according to a June 2012 announcement from the office of the Governor.
It arose suddenly as a persistent mass phenomenon in American society in the last quarter of the Twentieth Century. Until that time, any social scientific discussion of homelessness considered it the result of disastrous upheavals such as famine, earthquake, plague, and war.
Income and Wealth Inequality
Since the mid-Twentieth Century, there has been an increasing national trend toward inequality of wealth and income. This translates into diminished opportunity and well-being for the great majority.
Land Use & Affordability
The United States of America has not succeeded in creating equal opportunity regarding access to land. Painful reminders that much remedial work is needed abound.
In Delaware, manufactured housing is a sector that has historically represented a form of affordable housing of choice for people. However, the affordability of manufactured housing has increasingly been challenged by factors such as land prices, form of tenure, and financing.
People with Disabilities
There are an estimated 36.4 million people with disabilities in the United States, and 108,500 people with disabilities in the State of Delaware.
Poverty & Housing
The most recent Congressional District Housing Profile issued by the National Low Income Housing Coalition (NLIHC) reveals that renter households make up 27% of all Delaware households.
The Housing Wage is the hourly wage a family must earn – working 40 hours a week, 52 weeks a year – to be able to afford rent and utilities on a modest two-bedroom unit in the private housing market.