Source: IDS News —
The Bloomington City Council discussed some of the current challenges of increasing home-owner and renter costs facing Bloomington residents regarding renting and home ownership Wednesday.
In a comprehensive housing report from the City of Bloomington, John Zody, director of the Housing and Neighborhood Development department, said it is trying to provide solutions to increased homeowner and renter costs.
According to the report, 60% of households in Monroe County are cost-burdened. This means such residents spend more than 30% of their monthly income on housing, making Bloomington the most rental cost-burdened metro area in the state.