Yesterday, HUD released its “Worst Case Housing Needs 2017 Report to Congress,” which estimates that the number of rent-burdened families rose significantly between 2013 and 2015. According to the biannual report, 8.3 million very low-income unassisted families paid more than half their incomes on rent or lived in substandard housing during the year 2015, up 7% from 2013 and up 66% since 2001.
Using the most recent data available from the American Housing Survey (AHS), the Worst Case Housing Needs Report examines the causes and tends of cost-burdened renters nationally and in select metro areas. The reports measure the long-term scale of critical housing needs based on region, racial and ethnic groups, urban and rural areas, and various household types.
“Though the production of rental housing is strong, the rapidly growing renter population is putting increasing pressure on the rental market, particularly on the inventory of affordable rental housing,” reads HUD’s press release. “Substantial unmet needs for affordable rental housing remain even as incomes are improving. The unmet need for decent, safe, and affordable rental housing continues to outpace the ability of federal, state, and local governments to supply housing assistance and facilitate affordable housing production.”
To read HUD’s “Worst Case Housing Needs 2017 Report to Congress,” please click here.