2008, yearlong study by The Heartland Mid-America Institute on Poverty concluded that one McHenry County homeowner in three, and more than half of renters, do not have affordable housing. While the study identified the county’s median income at $72,000, about one household in three earns less than the $50,000 that the study’s authors estimate it takes to make ends meet in McHenry County.
The study identified about 21 percent of county households as “very low income,” or earning less than $35,000 a year. That population includes the working poor, senior citizens and people with serious physical and mental disability. But the study concluded that there is enough affordable housing in the county to accommodate only 16 percent of them.
Click on the following for more details: Northwest Herald | County eyes housing costs
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