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Housing - dnssab

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Key Indicators: Income Gaps<br />

Rent ($ /month)<br />

$500<br />

$400<br />

$300<br />

$200<br />

$100<br />

$0<br />

Examples of Affordability Gaps for Social Assistance<br />

Recipients: North Bay, 2007<br />

$900<br />

Ave. Rent,<br />

$800<br />

2-bdrm: $733<br />

$700 Ave. Rent,<br />

1-bdrm: $573<br />

$600<br />

$274<br />

$273<br />

ODSP<br />

$300<br />

ODSP<br />

$459<br />

Single Single<br />

Parent &<br />

Child<br />

Average Rent,<br />

3-bdrm: $823<br />

$238<br />

ODSP<br />

$585<br />

Couple<br />

with Two<br />

Children<br />

OW & ODSP: Maximum Rent @ 30% of Income<br />

Average Rent,<br />

2-bdrm: $733<br />

Average Rent,<br />

1-bdrm: $573<br />

$424<br />

$405<br />

OW<br />

$168<br />

OW<br />

$309<br />

Single Single<br />

Parent &<br />

Child<br />

Average Rent,<br />

3-bdrm: $823<br />

$432<br />

OW<br />

$391<br />

Couple<br />

with Two<br />

Children<br />

Affordability Gap<br />

• Significant housing<br />

affordability gaps<br />

exist for social<br />

assistance clients.<br />

• Example: a single<br />

ODSP recipient has<br />

income of $999 /mo<br />

– this leaves $300<br />

/mo. to spend on<br />

affordable housing.<br />

• Average market<br />

rent for a 1-bdrm.<br />

apartment is $573 –<br />

this leaves a<br />

shortage of $273.<br />

..and social housing<br />

is in short supply:

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