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A growing share of Americans say affordable housing is a major problem

https://www.pewresearch.org/short-reads/2022/01/18/a-growing-share-of-americans-say-affordable-housing-is-a-major-problem-where-they-live/
Around seven-in-ten Americans living in the West (69%) say affordable housing availability is a major problem locally. This compares with 49% of Northeasterners, 44% of Americans in the South and 33% of those living in the Midwest. Since 2018, there have been increases across demographic groups in the shares who say that the availability of

The Affordable Housing Crisis Grows While Efforts to Increase Supply

https://www.gao.gov/blog/affordable-housing-crisis-grows-while-efforts-increase-supply-fall-short
Shortages of affordable housing are a long-standing challenge in the United States. High interest rates and low inventory are contributing to this issue, as is the growing number of millennials, who are looking for larger homes to raise families. For low-income Americans, the hunt for affordable housing can be especially tough. Increasing the supply of housing is one way to address shortages

America's Affordable Housing Crisis - The New York Times

https://www.nytimes.com/2024/03/27/briefing/affordable-housing-crisis.html
America's Affordable Housing Crisis. The housing crisis is likely to be solved in cities and states, not Washington. ... Wash., and fast-growing metropolitan areas like Dallas and Phoenix.

Over 65, With No Place to Call Home - The New York Times

https://www.nytimes.com/2024/06/28/nyregion/nyc-homeless-older-people.html
The number of older people living in homeless shelters in New York City is growing quickly, in an unheralded sign of the affordable housing crisis. Earl Boyd, 83, moved into a Manhattan homeless

Yellen announces efforts to boost the housing supply as high prices

https://apnews.com/article/housing-treasury-homelessness-yellen-interest-rates-9055dd9394a0e01609d04294f40ae6a7
FILE - A for sale sign is posted in front of a home in Sacramento, Calif., March 3, 2022. The Biden administration is announcing new federal initiatives to increase access to affordable housing as high interest rates and still-high prices on groceries and other necessities have dramatically pushed up the cost of living in the post-pandemic years.

The History Behind America's Affordable Housing Problem | TIME

https://time.com/6900050/public-housing-biden-plan-history/
America Needs a New Approach on Affordable Housing. History Offers a Guide. T he U.S. has a housing crisis — one only growing more serious with each day. In the District of Columbia, a recent

Addressing America's Affordable Housing Crisis

https://housingmatters.urban.org/research-summary/addressing-americas-affordable-housing-crisis
Between 2019 and 2021, the shortage of homes affordable and available to renters with extremely low incomes worsened by more than 500,000 units, increasing from a shortage of 6.8 million to 7.3 million, and continuing a long-term trend of diminishing supply. Addressing the shortage of affordable and available housing is vital to ensuring

The Affordable Housing Crisis in 2023: Where Do We Stand, and What are

https://kenaninstitute.unc.edu/commentary/the-affordable-housing-crisis-in-2023-where-do-we-stand-and-what-are-the-solutions/
The affordable housing crisis in the United States has plagued Americans across the country since the Great Recession—and is only getting worse. 2022 estimates indicate that the U.S. needs some four to five million more homes on the market than it has right now.Housing costs have become increasingly untenable for renters and buyers alike; over 40% of renters are cost-burdened (meaning they

Housing affordability in the U.S.: Key facts - Pew Research Center

https://www.pewresearch.org/short-reads/2022/03/23/key-facts-about-housing-affordability-in-the-u-s/
A rising share of Americans say the availability of affordable housing is a major problem in their local community. In October 2021, about half of Americans (49%) said this was a major problem where they live, up 10 percentage points from early 2018. In the same 2021 survey, 70% of Americans said young adults today have a harder time buying a home than their parents' generation did.

A housing shortage in the U.S. is leading to zoning changes : NPR

https://www.npr.org/2024/02/17/1229867031/housing-shortage-zoning-reform-cities
Tim Evans for NPR. America is facing a housing crisis. The U.S. is short millions of housing units. Half of renters are paying more than a third of their salary in housing costs, and for those

Addressing the Affordable Housing Crisis Requires Expanding Rental

https://www.cbpp.org/research/housing/addressing-the-affordable-housing-crisis-requires-expanding-rental-assistance-and
Closing the housing affordability gap will require a comprehensive housing strategy, including developing new units, preserving existing affordable housing, and expanding rental assistance. Expanding the Housing Choice Voucher program, as the 2023 House-passed Transportation-Housing and Urban Development (HUD) funding bill calls for, would most

Homelessness in the U.S. hit a record high last year : NPR

https://www.npr.org/homelessness-affordable-housing-crisis-rent-assistance
Homelessness has been rising since 2017 in large part because of the country's massive shortage of affordable housing. There was a pause during the pandemic, and Biden administration officials say

Housing experts say there just aren't enough homes in the U.S.

https://www.npr.org/2024/04/23/1246623204/housing-experts-say-there-just-arent-enough-homes-in-the-u-s
Experts point to a shortage of an estimated four to seven million homes. Joe Raedle/Getty Images. Finding an affordable place to live in the U.S. can feel pretty impossible whether you're a renter

How we can solve the nation's affordable housing crisis - CNN

https://www.cnn.com/2022/02/16/perspectives/affordable-housing-crisis/index.html
The US is in need of roughly 3.8 million to 5.5 million housing units. Building more homes for low- and moderate-income families and first-time homebuyers, and equipping these families with

Where housing affordability is worst and costs are highest in the U.S.

https://www.nbcnews.com/data-graphics/housing-affordability-worst-and-costs-highest-rcna155285
Many financial advisers consider a home affordable if mortgage payments, taxes and insurance costs don't exceed 30% of a household's monthly budget. In 2019, a household earning the local

Affordable housing is a major problem in the US - The World Economic Forum

https://www.weforum.org/agenda/2022/01/american-affordable-housing-major-problem-us/
A growing share of Americans say affordable housing is a major problem where they live Jan 21, 2022. ... The affordable housing crisis that already existed pre COVID-19 must be systemically approached to ensure access to adequate and affordable housing. If the Real Estate industry is to deliver transformation, it is more important than ever to

The Heat Crisis Is a Housing Crisis - The New York Times

https://www.nytimes.com/2024/06/25/climate/the-heat-crisis-is-a-housing-crisis.html
The Heat Crisis Is a Housing Crisis A lack of affordable housing and high energy costs are making Americans more vulnerable to record-breaking heat, public health experts say. Share full article

We have an affordable housing crisis. States are realizing they, too

https://www.vox.com/policy-and-politics/23278643/affordable-public-housing-inflation-renters-home
Aug 4, 2022, 5:00 AM PDT. Vacant homes in Providence, Rhode Island, are seen though a chain link fence in April, shortly before ground was broken on a new affordable housing project. Suzanne

The housing market is 'stuck' until at least 2026, Bank of ... - CNN

https://www.cnn.com/2024/06/27/economy/housing-market-prices-inflation/index.html
Housing affordability is a major problem in America. Home prices spiked during Covid-19 and then the Fed's war on inflation sent mortgage rates surging. The one-two punch has made it a

Trump, Biden Clash on Housing Amid Soaring Home Prices and Rents

https://www.businessinsider.com/trump-biden-housing-crisis-policy-rising-home-prices-apartment-rents-2024-6?op=1
A steep shortage of homes has created a serious housing crisis across the country. ... announced $85 million in funding for 21 cities to subsidize affordable housing development and the

The Problem | National Low Income Housing Coalition

https://nlihc.org/explore-issues/why-we-care/problem
6.8 million more affordable housing units are needed for extremely low income families. 580,000+ people are experiencing homelessness on any given night. 70% of all extremely low income families pay more than half their income on rent. 1 in 4 extremely low income families who need assistance receive it. Record-breaking numbers of families

New Data Reaffirms Long Standing Shortage of Affordable Homes For

https://housingactionil.org/blog/2024/03/14/new-data-reaffirms-long-standing-shortage-of-affordable-homes-for-extremely-low-income-renters-in-illinois-and-chicago/
For immediate release: March 14, 2024 Contact: Bob Palmer, Policy Director, Housing Action Illinois at 312-282-3959 or bob@housingactionil.org CHICAGO, IL - A new report by Housing Action Illinois and the National Low Income Housing Coalition (NLIHC), The Gap: A Shortage of Affordable Homes, finds that 451,737 extremely low-income renter households live in Illinois, but only 162,318

In the Rush to Build, Existing Affordable Housing Is Falling Apart

https://shelterforce.org/2024/05/09/in-the-rush-to-build-existing-affordable-housing-is-falling-apart/
Preserving housing is much less expensive than building new. In urban centers, new construction can exceed $700,000 per apartment home, in contrast to the typical $50,000-$200,000 per unit cost of preserving and renovating a property. Preservation leverages prior investments in affordability by extending the life of homes we've already created.

Chicago is 120,000 units short on affordable housing. Here's how the

https://www.chicagotribune.com/2021/04/12/chicago-is-120000-units-short-on-affordable-housing-heres-how-the-city-and-developers-hope-to-fix-that-gap/
The shortage of affordable units is something developer and property manager The Habitat Co., whose affordable housing arm manages more than 13,000 affordable units, is trying to address.

Houses were once plentiful across the U.S. Now half of cities don't

https://www.cbsnews.com/news/real-estate-housing-shortage-crisis/
Home prices are skyrocketing amid a shortage of properties — a crisis spreading to once-affordable towns across the U.S. ... As part of that growing shortage, 83 cities that had enough housing

4 reasons why homelessness keeps going up : NPR

https://www.npr.org/2023/07/12/1186856463/homelessness-rent-affordable-housing-encampments
State officials say a lack of affordable housing is behind a sharp rise in chronic homelessness. Robert F. Bukaty/AP. When Los Angeles Mayor Karen Bass campaigned last year on reining in

The City Cuts Ribbon in Inwood, Unveiling 174 Deeply Affordable Homes

https://www.nyc.gov/site/hpd/news/022-24/the-city-cuts-ribbon-inwood-unveiling-174-deeply-affordable-homes-new-state-of-the-art
Amidst a severe housing crisis marked by historically limited rental options, the demand for The Eliza alone, with over 80,000 applications from New Yorkers, underscores the urgent need for more affordable housing solutions. ... and now features an open and flexible floor plan that allows for generous spaces capable of accommodating the growing

Why do so many CT residents struggle to find housing? One reason

https://www.ctpublic.org/news/2024-06-26/affordable-housing-crisis-ct-apartments-homes-exclusionary-zoning
The state's housing vacancy rate is about half the national average. The state lacks about 92,000 affordable housing units. A recent report declared that Connecticut is the worst state in the U.S. for renters. Experts have been sounding the alarm on the state's affordable housing crisis for years.

Plan could help Chicago's housing affordability problem by cutting red tape

https://www.illinoispolicy.org/plan-could-help-chicagos-housing-affordability-problem-by-cutting-red-tape/
Overall, this is a good start to tackling Chicago's housing affordability crisis and a marked change in tone from Johnson. Now it is time for the mayor to deliver and work with other city

NYC shuttered 80% of its Airbnbs in an attempt to make housing more

https://www.businessinsider.com/airbnb-numbers-shrink-hotel-prices-soar-ban-nyc-2024-6?op=1
LL18 was motivated by the city's housing-affordability crisis, caused in large part by a severe housing shortage. Pro-housing supporters of LL18 argue New York City needs to prioritize homes over