NLIHC Housing Spotlight: The Shrinking Supply of Affordable Housing
The National Low Income Housing Coalition recently released "Housing Spotlight: The Shrinking Supply of Affordable Housing." The report found that in 2010, there were 9.8 million extremely low-income renter households in the United States, and only 3 million rental homes affordable and available to these households. Additionally, this shortage of 6.8 million rental units means that only 30 rental homes are affordable and available for every 100 extremely low-income renters. The report compares the number of low-income, very low-income, and extremely low-income renter households in each state with the number of rental homes that renters below each income threshold can afford. The analysis also takes into account availability; that is, whether a rental unit is occupied by a higher-income household.
Source: National Low Income Housing Coalition