Government
Where The Need For Affordable Rentals Is Most Dire
For each extremely low income renter who gets assistance, 1.7 bear the burden of high market rents and deficient housing.
Since the Great Recession, the demand for affordable and safe rental housing has been skyrocketing, far outpacing the supply. For renters, that means the housing crisis has shown no signs of letting up.
A new report prepared by the U.S. Department of Housing and Urban Development (HUD) for Congress adds to this sobering picture of the country’s affordability crisis. It focuses on the sliver of the population with the “worst case needs”—renters who a) make at or below 50 percent of the area median income; b) do not get housing assistance; and c) pay more than half of their income on rent and/or live in physically unsafe or deficient housing.