New report reveals significant increases in rental housing cost burden for poorest Americans
According to a new Housing Spotlight, released by the National Low Income Housing Coalition (NLIHC) this month, the supply of affordable housing for renters is shrinking nationwide. This trend is having the greatest impact on extremely low-income households. One of the most staggering statistics from the recent NLIHC research is that, after paying rent and utilities, three-fourths of extremely low-income renter households in the U.S. have less than 50 percent of their income left for food, medicine, transportation and childcare, among other essential costs.
In Indiana, there are reportedly 30 units of available affordable rental housing per 100 households at or below the extremely low-income threshold; this figure matches that of the national average. For very low-income and low-income households in Indiana, the figures are less daunting, and even promising. According to the report, there are 71 and 110 available affordable units of rental housing per 100 households at the very low-income and low-income thresholds, respectively.
To read the entire report, go to the NLIHC’s February 2012 Housing Spotlight.