Advisory Center for Affordable Settlements & Housing

acash

Advisory Center for Affordable Settlements and Housing
ACASH

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Document TypeGeneral
Publish Date10/08/2020
Author
Published By.americanprogress.org/issues/economy/reports/2020/08/10/488313/e
Edited ByTabassum Rahmani
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SUPPLY OF AFFORDABLE HOUSING FOR LOW-WAGE WORKERS IN THE USA

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Document Type:General
Publish Date:10-Aug-20
Primary Author:Michela Zonta
Edited By:Tabassum Rahmani
Published By:.americanprogress.org/issues/economy/reports/2020/08/10/488313/e

Rising income inequality, combined with high housing costs, and a shortage of affordable rental housing across the nation and particularly in large metropolitan regions, has been creating a significant financial  burden for growing numbers of working families, especially those of low income workers. And the COVID-19 pandemic and related shutdowns and layoffs have exacerbated this problem. Lower-wage workers in particular are the most likely to have incurred a loss of income due to the pandemic. And as a disproportionate segment of low income households rent their homes (see Figure 1), many are facing housing insecurity and evictions, as they lack the financial resources to compensate for missed paychecks.

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