In the wake of the pandemic, an increasing number of American renters have become rent burdened, with many paying over 30% or more than 50% of their income towards rent. A Zillow study revealed a significant gap between the number of rent-burdened households and the availability of Section 8 housing vouchers, with almost 17 million more households than vouchers. The total number of vouchers has only seen a slight increase from 2020 to 2023, highlighting the growing housing crisis, especially in metropolitan areas like Orlando, Austin, and New York.
According to Zillow's study, there are almost 17 million more rent-burdened households than available HUD vouchers, revealing a staggering shortfall in affordable housing assistance.
The total number of available Section 8 vouchers has risen only slightly since 2020, from 2.53 million to 2.65 million, despite escalating demand for rentals.
Collection
[
|
...
]