There is an Unprecedented Need for Affordable Housing
The number of renter households considered “severely cost burdened” – meaning they spend more than half of their monthly income on rent – is at an all-time high of 11.4 million, or more than one in four of all renters in the U.S.
The number of severely cost-burdened renters is expected to grow to 14.8 million by 2025, as more renter households enter the market and rents continue to rise.
While a ordable housing needs increase, each year we continue to lose a ordable housing from our nation’s stock. Since 2001, over 650,000 a ordable apartments have been permanently lost due to conversion to market-rate rentals or condominiums or to obsolescence.....................Read More
The number of severely cost-burdened renters is expected to grow to 14.8 million by 2025, as more renter households enter the market and rents continue to rise.
While a ordable housing needs increase, each year we continue to lose a ordable housing from our nation’s stock. Since 2001, over 650,000 a ordable apartments have been permanently lost due to conversion to market-rate rentals or condominiums or to obsolescence.....................Read More
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