Oklahoma workers earning a minimum wage have to work 61 hours per week to afford a modest one-bedroom apartment. 108,371 Oklahoma households pay more than half of their monthly income on rent!
The ACTION Campaign’s state fact sheets have been updated with the most recent data to show the Housing Credit’s impact and the affordable housing needs that remain in every state.
New to the state fact sheets this year is data demonstrating the impact that a 50 percent increase in the Housing Credit, as proposed in the Cantwell-Hatch Affordable Housing Credit Improvement Act, would have in each state. Recent estimates from accounting firm Novogradac & Company estimate that a 50 percent expansion would support the production of more than 264,200 additional affordable homes nationally over the next ten years.
ACTION urges all stakeholder to share these state fact sheets with your elected officials and ask them to support efforts to advance Housing Credit provisions in the lame duck session, including by co-sponsoring the Affordable Housing Credit Improvement Act (S. 548/H.R. 1661). The ACTION district fact sheets will be updated in the coming weeks.
(source: ACTION Campaign Update)