LEARNING AREA: Real Estate Development
Image
cover12.JPG

The Gap: A Shortage of Affordable Homes

Author:

The National Low Income Housing Coalition

Year:

2017

Description:

The Gap: A Shortage of Affordable Homes highlights the critical housing needs of the nation’s lowest income households. More than 11.4 million extremely low income renter households in the U.S, whose income is no greater than 30% of their area median income (AMI) or the poverty guideline, face a shortage of 7.4 million affordable and available rental homes. Nationally, only 35 affordable homes are available for every 100 ELI renter households. A shortage exists in every state and major metropolitan area.