Joint Effort Needed to Tackle Affordable Housing Issues
A multipronged strategy and regional collaboration will be needed to ensure affordable housing for the Richmond area, according to a report released Tuesday to address current and future housing needs for the region.
About 35 percent of all households in Richmond, Ashland and seven surrounding counties are cost-burdened households, meaning they pay more than 30 percent of their income for housing, according to the report, “Housing the Richmond Region: Needs, Impediments and Strategies.”
About 15 percent are severely cost-burdened, paying more than 50 percent of their income for housing. These households would have even more trouble affording necessities such as food, clothing, transportation and medical care.