{"id":8718,"date":"2023-10-23T13:05:24","date_gmt":"2023-10-23T13:05:24","guid":{"rendered":"https:\/\/hria.org\/?p=8718"},"modified":"2024-03-28T15:53:45","modified_gmt":"2024-03-28T15:53:45","slug":"chapa","status":"publish","type":"post","link":"https:\/\/hria.org\/2023\/10\/23\/chapa\/","title":{"rendered":"Advancing Housing Equity in Massachusetts"},"content":{"rendered":"
Housing access in Massachusetts is at a crisis level. A two-bedroom apartment in MA, the third most expensive state for housing, requires an annual household income of over $86,000<\/a>. These costs are exacerbated by low housing inventory<\/a>, especially among affordable units. The deficit of affordable and available housing for extremely low-income residents has grown to over 175,000<\/a> units. Meanwhile, builders are financially incentivized to develop luxury housing<\/a> rather than desperately needed affordable units. The result is a housing \u201ccost burdened\u201d<\/a> scenario. This painful dynamic occurs when residents spend 30% or more of their gross income simply to acquire and maintain housing.<\/p>\n