On March 14, the National Low Income Housing Coalition (NLIHC) released their annual report The Gap: A Shortage of Affordable Homes. The report finds concrete evidence of an affordable housing crisis: there is a shortage of seven million (or fewer than 4 for every 10) affordable and available rental homes for extremely low-income renters. Furthermore, no state or major metropolitan area has enough rental housing for the nation’s lowest-income individuals and families.
The report calls for several methods of combatting this housing shortage, such as increasing investment in public housing, Housing Choice Vouchers, and the national Housing Trust Fund; protecting the nation’s existing affordable housing stock; and expanding and improving the Low-Income Housing Tax Credit.
