Listen To The Story

The U.S. Department of Housing and Urban Development has unveiled a plan that could raise rents for millions of people who get federal housing assistance. The U.S. Congress has begun deliberating the proposal, and that has people who get assistance from HUD waiting anxiously to find out whether changes are coming and what that might mean for them.

Currently, most people people who receive housing assistance pay 30 percent of their adjusted income toward rent – that’s their annual income, minus certain deductions that HUD allows. One of HUD’s proposals is to raise the baseline rent to 35 percent of residents’ gross income, meaning no deductions are factored in. HUD also wants to give housing authorities across the nation the power to impose new work requirements on residents. The proposal still requires congressional approval. HUD Secretary Ben Carson says the changes would create a simpler, more transparent way of calculating rents. 

“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA

As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.