Report Finds Lack of Housing for 7.2 Million Lowest Income Renters

The National Low Income Housing Coalition recently released a new report, The Gap: The Affordable Housing Gap Analysis 2016, which finds that there is a shortage of 7.2 million affordable and available rental units for America’s 10.4 million extremely low-income (ELI) renter households, whose incomes are at or below 30 percent of area median income. In addition, three-quarters of ELI renters are severely cost-burdened, spending more than half of their income on rent and utilities.