Each year the National Low Income Housing Coalition puts out “The Gap” highlighting the critical housing needs of the nation’s lowest income households. Their 2017 report “The Gap: A Shortage of Affordable Homes” finds that more than 11.4 million extremely low income (ELI) renter households in the U.S, whose income is no greater than 30% of their area median income (AMI) or the poverty guideline, face a shortage of 7.4 million affordable and available rental homes. Nationally, only 35 affordable homes are available for every 100 ELI renter households. A shortage exists in every state and major metropolitan area.
In North Carolina, there are only 46 affordable and available homes for every 100 ELI renter households and there is a gap of 196,339 homes.
71% of ELI renter households are severely cost-burdened, spending more than half of their income on rent and utilities. These 8.1 million households account for 72.6% of all severely cost burdened renters in the country.
To read the report in full, click here.