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NLIHC Releases 2017 “The Gap: A Shortage of Affordable Homes”

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.

 

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UNC-CH publishes “Extreme Housing Conditions in NC”

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