The combination of increasing rents and the increasing number of renters needing affordable housing has further exacerbated the affordable housing crisis in America. The Urban Institute released a map and study about the current status of affordable housing and the extremely low income (ELI) renters who need them. Extremely low income (ELI) households are those with incomes at or below 30% of the area median income (AMI).
The map shows, by county, the number of ELI households and the number of adequate, affordable, and available units. In Connecticut, New London County comes closest to meeting the need of ELI renter households with 42 units available for every 100 ELI renter households. Tolland County is the furthest away with 29 units for every 100 ELI renter households.
The main findings from the report:
- Demand is outpacing supply: between 2000 and 2013 ELI renter households increased 38% while supply of adequate, affordable, and available rental units only increased by 7%.
- The number of adequate, affordable, and available rental units for ELI renter households has decreased over time from 37 for every 100 ELI renter households in 2000 to 28 in 2013.
- There is a growing reliance on federally funded programs for affordable housing. In 2000, 57% of adequate, affordable, and available homes for ELI renter households were HUD-assisted, in 2013 it surpassed 80%
- The supply of adequate, affordable, and available units has mostly declined across the country with a few exceptions.
The findings are based on data from the 2000 Census as well as three-year averages from the 2005, 2006, and 2007 and the 2011, 2012, and 2013 1-year American Community Surveys.
View the map here.
Read the full report - The Housing Affordability Gap for Extremely Low-Income Renters in 2013