Advisory Center for Affordable Settlements & Housing

acash

Advisory Center for Affordable Settlements and Housing
ACASH

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Document TypeGeneral
Publish Date02/03/2020
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Edited BySuneela Farooqi
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Shortage of Affordable Homes in America

The National Low Income Housing Coalition (NLIHC) examines the American Community Survey (ACS) to determine the availability of rental homes affordable to extremely low-income households – those with incomes at or below the poverty line or 30% of the area median income (AMI), whichever is greater – and other income groups (Definitions). This annual report provides information on affordable housing for the U.S., each state plus the District of Columbia (DC), and the largest metropolitan areas

Benefits of economic growth are unevenly distributed the income inequality continues to grow, 44% of workers having age 18-64 are in low-wage jobs and also approximately  38 million Americans people remain in poverty and homelessness. The low-income people are doing to struggle for affordable, decent, and accessible housing. The supply of affordable housing for the nation’s lowest-income families and individuals remains deeply inadequate. American Community Survey (ACS) to regulate the availability of rental homes affordable for extremely low-income households. The statistics show that 10.9 million renter households with extremely low incomes. currently, the U.S. facing a shortage of 7 million affordable and rental homes.

No state has an adequate supply of affordable rental housing for the lowest income renters.

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