Page 13 - THE GAP: The Affordable Housing Gap Analysis 2019

THE GAP Each of the 50 largest metropolitan areas has a shortage of rental homes a ordable and available for renters with household incomes below 50% of AMI. e shortages begin to disappear at higher incomes. Twenty-six of the 50 largest metropolitan areas have a cumulative shortage of a ordable and available rental homes for all renters with household incomes up to 80% of AMI. Only 11 of them have a cumulative shortage for all renters with household incomes up to the median income. WHO ARE EXTREMELY LOW-INCOME RENTERS? Renters with special needs and seniors are more likely than other renters to have extremely low incomes. Twenty- ve percent of all renter households have extremely low incomes, but 45% of A SHORTAGE OF AFFORDABLE HOMES, 2019 FIGURE 8: EXTREMELY LOW INCOME RENTER HOUSEHOLDS School 2% 3% Single non-disabled non-elderly caregiver of person w/ disability or young child renter households who are disabled and 33% who are senior households have extremely low incomes.5 e Trump Administration proposes higher rents, ine ective work requirements, and other rent reforms to encourage work among low-income recipients of housing assistance. e vast majority of extremely low-income renters, however, already work in low-wage jobs or they are unable to work. irty-nine percent of extremely low-income renter households are in the labor force, while 26% are seniors, 22% have a disability, and another 5% are not in the labor force, but are students or single- adult caregivers to a young child or household member with a disability (Figure 8). More than three-quarters of extremely low-income households in the labor force work more than 20 hours per week, but low-wage employment does not Other 8% 43% 34% 10% 12% Note: Mutually exclusive categories applied in the following order: senior, disabled, in labor force, enrolled in school, single adult caregiver of a child under 7 or of a household member with a disability, and other. Senior means householder or householder’s spouse (if applicable) is at least 62 years of age. Disabled means householder and householder’s spouse (if applicable) are younger than 62 and at least one of them has a disability. Unemployed means household and householder's spouse (if applicable) are younger than 62 and both are unemployed. Working hours is usual number of hours worked by householder and householder's spouse (if applicable). Enrolled in school means householder and householder's spouse (if applicable) are enrolled in school. Fifteen percent of extremely low-income renter households include a single adult caregiver, more than half of whom usually work more than 20 hours per week and 2% of whom are in school. Source: 2017 ACS PUMS. 5 Adisabledhouseholdisonewhosehouseholderandhouseholder’sspouse(ifapplicable)areyoungerthan62andatleastoneofthemhasadisability.Asenior household is one whose householder or householder’s spouse (if applicable) is at least 62 years of age. NATIONAL LOW INCOME HOUSING COALITION 9 Disabled 22% In Labor Force Senior 26% 39% 40+ hours / week 20 to 39 hours / week < 20 hours / week Unemployed