By Joanna Schneider
According to the U.S. Department of Housing and Urban Development (HUD), more than 12 million renter and homeowner households are paying more than 50 percent of their income toward housing. Schechter said these families are severely “shelter burdened” and one paycheck away from displacement.
Closer to home, Northbrook residents of all ages are strapped by housing costs, she added. The number of today’s shelter-burdened homeowners has nearly tripled to 30 percent, up from just 12 percent in 1990. More than half of Northbrook renters are burdened (54 percent) compared to 40 percent in 1990.