Lowest-Income Renters Continue to Face Housing Shortage
Date postedApril 3, 2024
The nation continues to face a massive shortage of affordable and available rental homes for the lowest-income renters.
According to the National Low Income Housing Coalition (NLIHC), the United States faces a shortfall of 7.3 million affordable and available rental homes for extremely low-income renters—those earning at or below either the federal poverty line or 30% of their area median income.
The report, “The Gap: A Shortage of Affordable Homes,” finds that just 34 affordable and available homes exist for every 100 renters households with extremely low incomes. In addition, every state and the District of Columbia are impacted by the shortage.