By: National Low Income Housing Coalition
Published: March 2, 2017
The Gap: A Shortage of Affordable Homes, a new report released today by the National Low Income Housing Coalition (NLIHC), finds a shortage of 7.4 million affordable and available rental homes for extremely low income (ELI) renter households, those with incomes at or below the poverty guideline or 30% of their area median income. The report calls for rebalancing federal housing expenditures to serve households with the greatest needs.
NLIHC conducts this research each year to assess the availability of housing affordable to different income levels throughout the country. This year’s analysis continues to show that the poorest households in our nation face the largest shortage of affordable and available rental housing and have more severe housing cost burdens than any other group. The shortage disappears for households higher up the income ladder.
The study finds there are just 35 affordable and available units for every 100 ELI renter households nationwide and that 71% of ELI renter households are severely-cost burdened, spending more than half of their income on housing. After paying their rent, these households have insufficient resources left for other necessities like food, medicine, transportation, or child care. They are often one financial set-back away from eviction and homelessness.
The Gap, based on 2015 American Community Survey data, presents the availability of affordable homes for renter households in each state, the District of Columbia, and the 50 largest metropolitan areas. ELI renter households face a shortage of affordable and available rental homes in every state. The supply ranges from 15 affordable and available homes for every 100 ELI renter households in Nevada to 61 in Alabama. After Nevada, the states where ELI renters face the greatest challenges finding affordable homes are California (21 affordable and available rental homes for every 100 ELI renter households), Arizona (26 for every 100 ELI renter households), Oregon (26 for every 100 ELI renter households), Colorado (27 for every 100 ELI renter households), and Florida (27 for every 100 ELI renter households). The affordable housing shortage for ELI households ranges from 8,700 rental homes in Wyoming to 1.1 million in California.
The Gap: A Shortage of Affordable Homes is at: http://nlihc.org/research/gap-report