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HUD Reports Hot Economy Worsening Affordable Housing Shortfall

Wednesday, June 14, 2000 - 1:45AM

While an economy fueled by high-tech job growth may be revitalizing America’s cities, it is worsening the nation’s affordable housing shortfall, according to a recent U.S. Department of Housing and Urban Development (HUD) report.

Despite the 4.6 million city residents that have gained employment since 1993, one in eight cities suffer from high poverty rates and high unemployment, according to HUD’s State of the Cities 2000, released June 12. The need for rental assistance is at an "historic high," the report concludes.

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