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A recent Harvard Joint Center for Housing Studies Report found that the rental market continues to improve. According to the report, 2013 was the strongest year for multifamily housing starts since 1998. However, the report also noted that affordable housing remains out of reach for millions of households. In 2012, only 3.3 million rental units were available and affordable for the 11.5 million households with extremely low incomes. This represents a gap of about 8.2 million units.
