


Just 33 affordable and available homes exist for every 100 renter households with extremely low incomes. Balancing the national budget must not be done on the backs of our nation’s lowest-income and most marginalized people and families.” Yet House Republicans are now threatening to cut funding for the very programs that provide a lifeline to low-income renters. “In the wake of the pandemic, federal housing investments are more critical than ever for sustaining our communities and helping low-income people thrive. “As this year’s Gap report makes clear, extremely low-income renters are facing a staggering shortage of affordable and available homes,” said NLIHC president and CEO Diane Yentel. The shortage worsened during the COVID-19 pandemic by more than 500,000 rental homes between 20 as the number of renters with extremely low incomes increased and the supply of housing affordable to them decreased, according to the group’s annual “The Gap: A Shortage of Affordable Homes” report. There is a massive shortage of 7.3 million affordable and available rental homes for extremely low-income renters-those earning at or below either the federal poverty line or 30% of their area median income, reports the National Low Income Housing Coalition (NLIHC).
