In March 2020, the National Low Income Housing Coalition (NLIHC) released its annual report examining the availability of affordable rental housing, entitled The Gap: A Shortage of Affordable Homes. The report compares the availability of affordable rental housing to the presence of low-income households at the state, metro, and national level.
Nationally, 10.9 million renter households with extremely low incomes, or making 30% or less of area median income (AMI) account for 25% of all renter households. Further, 71% of extremely low-income renter households are severely cost-burdened, meaning they spend at least 50% of their income on housing costs. NLIHC finds that on the national level, only 36 rental units are affordable and available for every 100 extremely low-income renter households. Connecticut’s numbers are slightly above the national average, with 41 affordable and available units per 100 households with extremely low incomes.
NLIHC concludes there is a shortage of 86,836 affordable and available homes for Connecticut’s extremely low-income renter households.
Click here to read the full report.