HAI Group (1)
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PAHRC Report Research Spotlight
Dear Dennis,
 
The Public and Affordable Housing Research Corporation (PAHRC) at HAI Group is pleased to share with you, its 2016 PAHRC Report Research Spotlight, The Education Boost: Lifting Families out of Poverty through Improvements in Education. This new research reports on trends in educational attainment for rent-assisted adults and details the educational achievement gap faced by adults served by rental assistance compared to their low-income unassisted peers.

We hope you find PAHRC Report Research Spotlight: The Education Boost a valuable resource and encourage you to share the findings to generate an increased focus on the synergies between affordable housing and education policy. 

Key Findings: 
  • Education is an important tool for helping families exit from rental assistance programs. For every additional year of education obtained by the household head, the chances of a family leaving rental assistance with income increases by 11%.
  • Considering scholarships and grants, the average net cost of college for students in families earning under $30,000 varies from $12,337 to obtain a two year degree at a public university to $72,630 to obtain a four year degree at a private university.
  • With an average annual household income around $13,000, if a rent-assisted adult under 50 could afford to spend 10% of their yearly household income on college tuition, it would take nearly 29 years to earn a four year degree and nine years to earn and an associate’s degree at a public university with no additional loans or other sources of financing. Currently, rent-assisted families spend about 2% of their income on education.
  • Age is an especially important component of understanding how rent-assisted individuals might differ from their peers and thus which supports low-income families receiving rental assistance might need to meet their educational goals. Senior rent-assisted household heads report significantly lower rates of high school completion and similar rates of college completion than their very low-income unassisted peers. However, this trend flips for younger generations, who report similar rates of high school completion and lower rates of college completion than their unassisted low-income peers.

Use the Findings to:
  • Understand the barriers that residents face to educational improvement and economic mobility and how best to target resources to help rent-assisted individuals improve their education.
  • Demonstrate the value of education and rental assistance to stakeholders.
  • Engage with prospective partners to help create and further education-affordable housing partnerships in your community.
  • The research done at HAI Group’s independent, non-profit research center is critical in bringing attention to the many challenges facing the public and affordable housing industry. By providing a data-driven snapshot of the role education plays in facilitating positive exits from rental assistance, our goal is to spotlight how affordable housing paired with education can serve as a platform for financial self-sufficiency.
Sincerely,
John Thomson
President and Chief Executive Officer
HAI Group