NLIHC will release The Gap: A Shortage of Affordable Homes 2019 on Thursday, March 14. This year’s report finds a shortage of seven million affordable and available rental homes for America’s extremely low-income renter households, those with incomes at or below the poverty level or 30% of their area median income. There are fewer than four affordable and available homes for every 10 of the lowest-income households nationwide. Seventy-one percent of renter households with extremely low-incomes are severely housing cost-burdened, spending more than half of their incomes on housing. They account for nearly 73% of all severely cost-burdened renters in the U.S. This year’s report also examines the racial disparities among renters, points out the limited scope of severe housing cost burdens for renters with higher incomes, and reviews the benefits of affordable homes.
Join us for a Twitter chat on March 21, 3:00 – 3:30 p.m. ET to discuss the research in The Gap and share solutions and thoughts for next steps. Use #TheGap19 to join the conversation. Follow and submit questions to @nlihc on Twitter.