CLARKSVILLE, IN (February 15, 2024) – Shortages of affordable housing is a hot topic and a big problem across much of the country. According to Bankrate.com, the housing shortage is essentially a problem of supply and demand: There is not enough housing supply to meet the demand of those who want to buy. The pandemic, inflation and rising interest rates have all contributed to the shortage, not to mention the large number of millenials looking to purchase their first home.
To find out how much of a problem the affordable housing shortage is here in the Hoosier state, the Indiana Housing and Community Development Authority (IHCDA) has launched a new survey to get input from residents. According to the IHCDA, the state is administering this survey of Indiana residents to collect information about housing choice and access to economic opportunity. The department says your opinions will help inform important decisions about statewide housing and community development planning.
They also stress that the survey is not associated with any political party or election and it is not a polling instrument. There is no ballot issue associated with this research. All responses will be confidential and the information will only be used for housing and community development planning. If you complete the survey by February 29, 2024, you may choose to enter a drawing for a $100 Visa gift card.
If you have questions about this project, please contact Vanessa Bramante at vanessa@rootpolicy.com or Heidi Aggeler at heidi@rootpolicy.com. Si prefiere hablar con alguien en español, envíe un correo electrónico a avilia@rootpolicy.com.
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The National Low Income Housing Coalition released a report showing how each state ranks based on the housing wage, or the amount of money one must make in order to afford a rental unit. The Hoosier state ranked 38th in the country with a housing wage of $19.00 an hour. The fair market rent average for Indiana is $811 per month for a one-bedroom apartment, or $988 per month for a two-bedroom unit. You can read the full report here.