Affordable Housing Shortage Persists for Extremely Low-Income Households
The National Low Income Housing Coalition recently released its annual report, The Gap: A Shortage of Affordable Homes. Its analysis found that there are only 37 affordable and available rental homes for every 100 extremely low-income renter households nationwide. These renter households also are more likely to be severely housing cost-burdened, spending more than half of their incomes on rent and utilities. According to the report, 7.8 million, or 71 percent, of the nation’s 11 million extremely low-income renter households fall into the severely housing cost-burdened category.