Affordable Housing Gap Found in Every State via Multifamily Executive Magazine

There are only 30 affordable rental units available for every 100 extremely low-income (ELI) renters, and just 57 affordable and available rental units for every 100 very low-income households, according to a new report by the National Low Income Housing Coalition (NLIHC).

Severe housing cost burdens, which occur when households have to pay more than 50 percent of income on rent and utilities, is a serious problem in every state.

In Nevada, the state with the fewest affordable and available rental homes, 88 percent of ELI renter households experience severe housing cost burdens.

Read more...Affordable Housing Gap Found in Every State - Housing Data, Affordable Housing - Multifamily Executive Magazine