Report: How a 5% rise in rent could increase Charlotte's homeless population

With rents continuing to climb across the Charlotte region, a recent analysis looks at how this increase in living cost impacts the local homeless population. That study, conducted by residential real estate website Zillow, found that a 5% gain in rental prices across the Queen City would result in 68 more people becoming homeless here — a 3% increase. For the analysis, Zillow expanded upon homeless estimates provided by the U.S. Department of Housing and Urban Development, which is based on…

from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2017/08/10/report-how-a-5-rise-in-rent-could-increase.html?ana=RSS%26s=article_search