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Report: U.S. Has Shortage of 7.2 Million Affordable, Available Homes for ELI Renters

Tuesday, March 13, 2018 - 11:15AM

The United States has a shortage of 7.2 million affordable, available rental homes for extremely low-income (ELI) renters, according to a report issued today by the National Low Income Housing Coalition. “The Gap: A Shortage of Affordable Homes” reports that only 35 affordable, available rental homes exist for every 100 ELI rental households–defined as households at or below the poverty level or 30 percent of their area median income–and that 71 percent of ELI renter households spend more than half their income on rent and utilities. In its discussion about federal policy solutions, NLIHC said it supports efforts to expand and improve the Low Income Housing Tax Credit (LIHTC) such as those proposed in S. 548, The Affordable Housing Credit Improvement Act of 2017, introduced by Sens. Maria Cantwell, D-Wash., and Orin Hatch, R-Utah. 

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