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Affordable Housing

The Economics of Affordable and Available Housing

The Economics of Affordable and Available Housing

An estimated 62 percent of U.S. renter households (about 27 million families) earn less than 80 percent of the area median income. Roughly 73 percent of these households (over 19 million families) spend over 30 percent of their income on rental housing.

The towering housing cost burden is a significant barrier for these families in transitioning out of poverty.