In a report conducted by the National Low Income Housing Coalition entitled The Gap: A Shortage of Affordable Homes, the authors note that the country would need over 7 million additional affordable rental units to meet the needs of those who have extremely low incomes (ELI). ELI households are defined as households with income at or below 30% of the area median income (AMI).
Nationally, there are only 35 affordable and available rental units for every 100 ELI renter households. Seventy-one percent of these households are severely cost-burdened (i.e., spending more than 50% of their income on housing costs).
Connecticut’s numbers are very similar to the nationwide numbers. For those at or below 30% of AMI, Connecticut has 36 affordable and available units per 100 households. In the Hartford-West Hartford-East Hartford metropolitan area, 40 units are affordable and available for every 100 ELI households.
Not surprisingly, the lack of affordable and available rental units for low income groups results in a disproportionately high percentage of households experiencing severe housing cost burden. In Connecticut, 71% of ELI households spend more than 50% of their income on housing costs. This is comparable to the Hartford-West Hartford-East Hartford metropolitan area where 70% of these households suffer from severe housing cost burden.
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