A recent report indicates that a quarter of renter households in the US belong to the extremely low-income category, with a vast deficit of 7.1 million affordable rental homes. The report emphasizes that Black, Latino, and Indigenous renters endure higher challenges due to historical discrimination. Nationwide, only 35 rentals are available for every 100 extremely low-income households, with Nevada experiencing the most severe shortage at 17 homes. Solutions proposed include income boosts via housing vouchers or increasing affordable housing supply specifically targeting low-income renters.
There are 35 rental homes available for every 100 extremely low-income households across the country, highlighting a significant affordability crisis.
The US housing market has a shortage of around 7.1 million rental homes that are affordable and available to the 10.9 million households falling below income thresholds.
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