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Lincoln needs 5,000 more affordable rentals, feds say. Here's what local leaders hope will help
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A Lee Enterprises, Incorporated newspaper. Majority shareholder: David Hoffmann, Hoffmann Media Group.
Editor's Pick
Lincoln needs 5,000 more affordable rentals, feds say. Here's what local leaders hope will help
- Nancy Hicks
- Dec 24, 2018
- Dec 24, 2018 Updated Jan 27, 2019
- 0
Katharen and Scott Wiese know they're fortunate to pay about $600 a month for their apartment in the Near South. But like many renters, they know affordable, quality housing isn't easy to find.
KAYLA WOLF, Journal Star file photo
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Katharen Wiese knows she is one of the lucky renters. Her apartment near 13th and D streets is large, well-maintained, even has a laundry area. And it’s affordable, about $600 a month.
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Local News
What Lincoln's mayoral candidates say about affordable housing
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Reach the writer at 402-473-7250 or nhicks@journalstar.com.
On Twitter @LJSNancyHicks.
What's affordable?
In Nebraska the fair market rent (FMR) for a two-bedroom apartment is $815 and for a one-bedroom house is $639. The FMR, which is a federal designation, is based on lower-than-average rent in the area, plus utilities. In order to afford this level of rent and utilities, without paying more than 30 percent of income on housing, a household must earn $2,715 a month or $32,850 annually. In Nebraska, someone with a full-time job paying minimum wage can only afford $468 in rent. A renter making the state’s average income could afford $1,844 per month for housing.
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Katharen and Scott Wiese know they're fortunate to pay about $600 a month for their apartment in the Near South. But like many renters, they know affordable, quality housing isn't easy to find.
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