Report Finds Shortage of 7.2M Affordable Rental Units for Lowest Income Renters
The National Low Income Housing Coalition (NLIHC) recently released its 2016 report focusing on the gap between the number of extremely low-income (ELI) households and the number of affordable housing units available to them. ELI households are those with incomes at 30 percent of area median income or less. According to the report, there are just 31 units affordable and available to every 100 ELI households nationwide. This amounts to a shortfall of 7.2 million units.