New Report Shows Massive Shortage of Affordable and Available Housing for Lowest Income Households in Illinois

Mar 2, 2017  |   Advocacy Updates, Press Releases

CHICAGO – The GAP: A Shortage of Affordable Homes, a new report co-released released today by the National Low Income Housing Coalition (NLIHC) and Housing Action Illinois, finds a shortage of 324,178 affordable and available rental homes in Illinois for extremely low income (ELI) renter households, those with incomes at or below 30% of their area median income or the poverty guideline. The report calls for a rebalancing of federal housing expenditures to serve households with the greatest needs. Nationally, there is shortage of 7.4 million affordable and available rental homes for ELI households.

The study finds there are just 32 affordable and available units for every 100 ELI renter households in Illinois and that 74% of those households are severely cost-burdened, spending more than half of their income on housing......Read More