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NLIHC Report Indicates Nation’s Lowest-Income Renters Face Shortage of 7 Million Homes
The National Low Income Housing Coalition (NLIHC) released Thursday its annual affordable housing report, “The Gap: A Shortage of Affordable Homes,” which strives to examine the factors contributing to challenges in affordable housing as well as the geographic areas of greatest impact. The report indicates that no state has an adequate supply of affordable rental housing for its lowest income renters, with a nationwide shortage of approximately 7 million homes. According to the report, the metropolitan area with the least severe shortage is the Providence-Warwick area in Rhode Island and Massachusetts at 50 affordable and available rental homes per 100 renter households, while Las Vegas-Henderson-Paradise in Nevada fares worst at 13 per 100. The also report strives to examine racial and ethnic disparities as well as the impact of the COVID-19 pandemic.
Learn more about the nationwide affordable housing at the Novogradac 2022 Affordable Housing Conference April 28-29 at the Grant Hyatt in San Francisco.