Page 10 The Skanner April 19, 2017
FAIR HOUSING
Rent
cont’d from pg 9
ers oft en have to make
fi nancial sacrifi ces, like
putting off saving for a
down payment, medical
care and planning for re-
tirement.
Homeownership can
be an important path
to building wealth, but
making the transition
from renter to home-
owner is a bigger fi nan-
cial challenge for renters
living in mainly black or
Hispanic areas.
“This research sheds
light on another exam-
ple of inequality in the
housing market,” said
Zillow Chief Economist
Dr. Svenja Gudell.
“Renters
in
Afri-
can-American or Hispan-
ic neighborhoods fi nd
themselves in a catch-22
situation - while owning
a home is a great way to
build wealth, you need
to save up some cash to
be able to buy. If you’re
spending close to half
of your income on rent,
saving up that down pay-
ment is going to be in-
credibly diffi cult.”
Rent
aff ordability
across the nation has
diminished since 2011,
as housing costs have
outpaced income. It has
worsened more in mi-
nority areas than it has
in predominantly white
neighborhoods. Over the
past fi ve years, the share
of household income
needed to pay monthly
rent in Black and His-
panic
neighborhoods
has increased by four
percentage points and
seven percentage points,
respectively. In White
communities, the share
of income needed to pay
rent has increased by
three percentage points.
For those who are able
to save up for a down
payment and buy a home,
monthly mortgage pay-
ments are much more
aff ordable than rents
across racial communi-
ties. In Black communi-
ties, mortgage payments
required 13.6 percent of
the median household
income. In Hispanic com-
munities, they require
22.8 percent of the medi-
an income, and in white
communities, 15.2 per-
cent.
2016 Metropolitan Area Share of Income Needed to Pay Rent
United States
NY/Northern NJ
LA-Long Bch-Anaheim, CA
Chicago, IL
Dallas-Fort Worth, TX
Philadelphia, PA
Washington, DC
Miami-Fort Lauderdale, FL
Atlanta, GA
Boston, MA
San Francisco, CA
Detroit, MI
Seattle, WA
Minneapolis-St Paul, MN
Baltimore, MD
Denver, CO
Portland, OR
Cleveland, OH
Kansas City, MO
Las Vegas, NV
WHITE
COMMUNITIES
30.7%
37.8%
50.0%
29.6%
30.4%
29.3%
26.1%
41.7%
26.8%
34.8%
48.8%
27.9%
34.8%
27.8%
27.5%
35.2%
37.1%
28.2%
25.4%
27.5%
BLACK
COMMUNITIES
43.7%
57.5%
63.7%
51.6%
41.1%
47.2%
40.0%
58.2%
32.2%
71.2%
74.8%
37.1%
N/A
59.8%
43.1%
N/A
N/A
44.1%
34.0%
37.0%
HISPANIC
COMMUNITIES
48.1%
67.5%
63.0%
42.4%
39.8%
54.4%
36.3%
55.1%
39.9%
59.5%
62.5%
34.5%
N/A
N/A
N/A
50.1%
N/A
N/A
32.5%
34.3%
F R E E M OV I E S C R E E N I N G
wake of vanport
Digital narratives and storytelling
from fl ood survivors and residents
SUNDAY, APRIL 30, 2017 • 2 PM
THE HOLLYWOOD THEATRE 4122 NE Sandy Blvd., Portland, OR 97212
Free to the public. Limited seating. RESERVATIONS REQUIRED.
Together, this touching collection of truly heartfelt remembrances
paint a poignant portrait of a short-lived, idyllic oasis —Movie Critic Kam Williams
REGISTER ONLINE AT
https://wakeofvanport.eventbrite.com
PHOTO: Survivors gather on high ground to watch the destruction of Vanport. May 30, 1948. Photo by Allen deLay (1915-2005) ©Thomas Robinson
Stories told by Vanport survivors and others closely related to
the era will be screened at The Hollywood Theatre on Sunday,
April 30 at 4:30 p.m. The stories focus on life in Vanport and the
1948 Memorial Day fl ood when a dike broke on the Columbia
River. The rising waters completely destroyed Vanport, Oregon,
the city built by industrialist and ship builder Henry J. Kaiser.
Immediately following the screening there will be a discussion
about possible plans for a Vanport memorial.
SPONSORED BY:
The Skanner Foundation • North Portland Multimedia Training Center (NPMTC)
Mt. Hood Cable Regulatory Commission • Portland Community Media
The Regional Arts and Culture Council • The Oregon Historical Society
The National Endowment for the Arts: Art Works • The Hollywood Theatre