Perspective
The Affordable Home Crisis Continues, But Bold New Plans May Help
Wyoming fares best; Nevada the worst. No state has an adequate supply of homes for its poorest renters a new National Low Income Housing Coalition report finds.
Today, the National Low Income Housing Coalition publishes our annual analysis of recent data, and the results are stark.
Our country is in the grips of a severe and pervasive housing affordability crisis. Nationally, there is a shortage of 7 million homes affordable and available to the lowest-income renters. Rents have risen faster than renters’ incomes over the last two decades, and while more people are renting than ever, the supply of housing has lagged. Fewer than four affordable and available rental homes exist for every 10 deeply poor renter households nationwide. As a result, record-breaking numbers of families cannot afford decent homes.