Affordable housing in American states and cities is becoming a serious issue across the entire nation.
The United States is experiencing an affordable housing crisis, with a shortage of rental homes for low-income families:
- Number of affordable homes
-
The National Low Income Housing Coalition (NLIHC) estimates that the US has a shortage of 7.3 million affordable rental homes. This is for renters with extremely low incomes, which is defined as incomes at or below the federal poverty guideline or 30% of their area median income
According to the Associated Press 223,000 affordable housing units across the U.S. could disappear in the next five years.
Takeaways from AP's report on affordable housing disappearing across the U.S.
https://finance.yahoo.com/news/takeaways-aps-report-affordable-housing-…