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Document Type: | General |
Publish Date: | 2022 |
Primary Author: | Benjamin Silverman, Jessica Miller, and Quinn Biever |
Edited By: | Saba Bilquis |
Published By: | Institute for Market Transformation (IMT) |
U.S. cities, states, and counties are acting with increasing urgency to enact policies that reduce energy use and greenhouse gas emissions from buildings such as building performance standards (BPS). At the same time, they also face a crisis in the affordability of housing, where increasing housing costs threaten to displace untold numbers of residents. Nearly half of all renters in the US, 47.5%, sufered from housing cost burdens in 2018, defined as housing costs of more than 30% of household income, while one in four, 10.9 million renters, were severely cost burdened, defined as spending more than half their incomes on housing. This problem is especially acute in communities that already experienced historic disinvestment and disproportionate energy burden. Households with low-incomes experience 350% higher energy cost burdens than other households. Inequalities in housing cost and energy cost burdens are especially stark in communities of color. These compounding crises have only been exacerbated by the COVID-19 pandemic and the resulting economic instability as well as the recent energy cost instability following the Russian invasion of Ukraine.