The nation has a staggering shortage of 7.2 million affordable and available rental homes for extremely low-income (ELI) renter households, those with incomes at or below the poverty level or 30% of their area median income, according to the National Low Income Housing Coalition (NLIHC).
The organization’s new report, The Gap: A Shortage of Affordable Homes, calls for expanding investments in affordable housing programs that serve those with the lowest incomes.
Read more...U.S. Has Gap of Over 7.2 Million Affordable and Available Rental Homes | Housing Finance Magazine
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