LEARNING AREA: Real Estate Development
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report cover

The Gap: A Shortage of Affordable Homes

Author
The National Low Income Housing Coalition
Description

The Gap: A Shortage of Affordable Homes, is NLIHC's Annual Report. The report finds that the lowest-income renters in the U.S. face a shortage of 7.2 million affordable and available rental homes. Just 35 affordable and available homes exist for every 100 extremely low-income renter households. This shortage of affordable and available housing leaves the lowest-income renters saddled with the highest rates of housing cost burdens among any income group. Eighty-seven percent of the lowest-income renter households are cost-burdened, spending more than 30% of their income on housing, and 74% face severe cost burdens, spending more than 50% of their income on housing costs.