ProJo: Report: R.I. needs to invest in affordable housing

PROVIDENCE — Rhode Island desperately needs to make a long-term investment in affordable housing as costs far outpace wages, according to a report released this week by housing advocates.

Full-time workers must earn $21.16 per hour to afford a modest two-bedroom apartment at fair-market rent in the Ocean State, while the actual average renter's hourly wage hovers around $14.21 and minimum wage remains at $10.50 an hour , according to Out of Reach, a report jointly released by the National Low Income Housing Coalition and Homes RI, a coalition of organizations working to increase the supply of affordable homes throughout Rhode Island coordinated by the Housing Network of Rhode Island.

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Courtesy of Providence Journal

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