The nation has a shortage of 7 million rental homes that are affordable and available to extremely low-income renters whose household incomes are at or below the poverty guideline or 30% of their area median income, reports the National Low Income Housing Coalition (NLIHC).
Among states, the supply of affordable and available rental homes ranges from only 18 for every 100 extremely low-income renter households in Nevada to 61 in West Virginia. Among the 50 largest metropolitan areas in the U.S, the supply ranges from 13 affordable and available rental homes for every 100 extremely low-income renter households in Las Vegas to 50 in Providence, Rhode Island, according to NLIHC’s “The Gap: A Shortage of Affordable Homes” report.
No state has an adequate supply of affordable and available homes for extremely low-income renters.
Overall, 7.8 million of the nation’s 11 million extremely low-income renter households are severely housing cost-burdened, spending more than half of their incomes on rent and utilities. They account for 72% of all severely housing cost-burdened renters in the U.S.
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