Record Number of Renters Face Severe Affordability Problems
December 9, 2015 | Grantee Publications | Housing

Despite a strong rebound in multifamily construction, tight rental markets continue to make it difficult for low- and moderate-income renters to find housing they can afford, according to the 2015 rental housing report by the Harvard Joint Center for Housing Studies. The MacArthur-supported report finds a nine percent decline in renters’ incomes since 2001 has created a record number of renters paying more than 30 percent of their income on housing costs. Overall, nearly half of the 43 million families and individuals living in rental housing in the United States are cost-burdened.

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