NLIHC Analysis Calls for $100 Billion Investment for Lowest-Income Households

Tuesday, April 7, 2020 - 9:15am

The National Low Income Housing Coalition (NLIHC) today released an analysis showing that Congress must invest up to $100 billion over the next year to keep lowest-income households stably housed in the wake of the COVID-19 pandemic. “The Need for Emergency Rental Assistance During the COVID-19 and Economic Crisis” makes the case that the number of extremely low- and very low-income renter households will swell from 10 million to at least 11.5 million due to the pandemic and that keeping those households stably housed is important for both individual well-being and public health. NLIHC estimates that the cost to provide rental assistance to cover all current and projected households in that category will cost approximately $99.5 billion. NLIHC calls for the national Housing Trust Fund to be expanded, the U.S. Department of Housing and Urban Development’s housing choice voucher program to be sufficiently funded and for public housing funding to increase.

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