NORFOLK, Va. — It's an issue that's been top of mind for the last few years: the rising cost of rent and utilities is an unwelcome burden for families across the country.
A recent report from Harvard University reveals that more than 50% of renters are struggling to make ends meet.
Right now, a record-breaking 22.4 million Americans are spending more than 30% of their income on rent and utilities alone. About 12 million renters are paying more than 50%.
Researchers found that 53% of Hampton Roads renters pay between 50 and 60% of their income on utilities and rent alone.
In Elizabeth City and the Outer Banks, 48% of renters pay between 40 and 50% of their income.
The authors of this study said the federal government needs to step in to expand housing support, as well as preserve and improve the existing rental options on the market.
Right now, Virginia Del. Nadarius Clark is backing a bill that would not only limit the amount that landlords can charge renters but would also place new regulations on the way rent increases happen.
This bill has been in the works for the last three years and it's currently being discussed in a Virginia House of Delegates subcommittee.