Low-income households outnumber affordable housing units

Twice as many low-income households exist in Colorado as there are affordable rental units, according to data released Monday by the Colorado Division of Housing. There are 50 affordable units available for every 100 renter households earning less than $20,000 per year. This annual income suggests that the renter would be able to afford a monthly rent payment of $500, or 30 percent of monthly income. The report is based on U.S. Census Bureau data collected from 2006 to 2010, and also showed that there are 45 affordable rental units available for every 100 households earning less than $15,000 and 55 units available for every 100 households earning less than $10,000.

- Northern Colorado Business Report