Why are people homeless? IHN finds that most families seeking our help have lost their jobs and are unable to afford their rent. Others have experienced a serious illness in the family or have credit problems.
The cost of housing. Fair market rent in Denver Metro is $847 for a two-bedroom apartment. To afford a the average two-bedroom apartment a family needs to be making more than $16 an hour. This is more than 300% of the minimum wage. (National Housing Coalition)
It’s not just about shelter. Homelessness is about more than just the need for shelter; an array of complex economic, social, and health factors must be addresses as well. This is a devastating experience for families, and they pay an ongoing emotional price as they struggle to maintain normalcy in the midst of chaos. The odds are stacked against lower-income families, especially in an area such as greater Denver.