The median income of a New Hampshire household is not enough to rent a median priced apartment in places like Portsmouth and Manchester. The data is far worse for a single person earning the New Hampshire median income. A single person would need at least two roommates to afford a median priced, apartment. Burdened by high rents, households strain to cover other necessary expenses, such as food, health care, clothing, and transportation.
Households paying more than 30 percent of their incomes on housing, including rent or mortgage and utilities expenses, are considered cost-burdened by these expenses. They may also struggle to participate more fully in the economy compared to more financially secure households.
Panelist will discuss how the disparities in housing access reinforce the structural and longstanding systemic barriers to success and opportunity especially for Granite Staters of underrepresented groups. They will also explore how policies that support public investment to reduce housing costs can boost the economy.
Presenters:
Elissa Margolin, Director, Housing Action, NH
Debbie Miller (To Be Confirmed), NH Community Loan Fund
Carlos Rincon (To Be Confirmed), Business Lender, NH Community Loan Fund
Moderator:
Anthony Poore, President and CEO, NH Center for Justice and Equity