Sign Up For Novogradac Industry Alert Emails

Worst-Case Housing Need Remains Near Peak

Wednesday, August 9, 2017 - 11:15AM

The number of U.S. households with worst-case needs for housing assistance remained near its peak in 2015, based on a report issued today by the U.S. Department of Housing and Urban Development (HUD). According to the biannual report, 8.3 million renter households in 2015 fit the definition of worst-case-needs renters: households with incomes that are no more than 50 percent of the area median income (AMI) and don’t receive government housing assistance and pay more than half their income for rent, live in severely inadequate conditions or both. That number was down slightly from 2014, but up 8 percent from 2013, the final year of the previous report. The number of homes with worst-case needs increased from 2013 to 2015 across all racial, ethnic and household types.

Learn more about Novogradac's expertise and many services