NEVADA Tops List Of States Suffering Most From Affordable Housing Crisis

NEVADA Tops List Of States Suffering Most From Affordable Housing Crisis

If you find it hard to find an affordable apartment or house in the US, you're not alone.

For the past several years, the country has been suffering from an affordable housing crisis, making it especially difficult for an estimated 11.4 million extremely low-income (ELI) American households to find places to live. ELI households are defined as those earning below the poverty line or 30% of the area's average median income — whichever is higher.

From 2007 to 2013, the number of low-income households increased18%, but funding for the largest federal housing programs remain below 2008 levels. HUD, the housing agency that funds anti-poverty efforts, could lose approximately $6.2 billion next year if the Trump administration's budget is approved.

While there is a nationwide shortage of affordable housing, some states are worse off than others. That's a reality reflected in a new report by the National Low Income Housing Coalition, which analyzed the availability of affordable housing in every state. The report defines an affordable housing deficit as when ELI households must spend more than 30% of their incomes on rent and utilities.

Eight states have fewer than 30 affordable homes available per 100 households in extreme poverty, according to the report.

Check out these states and the full map below.

8. TEXAS

Texas has approximately 29 affordable homes available per 100 ELI renters.

7. NEW JERSEY

New Jersey has approximately29 affordable homes available per 100 ELI renters.

6. FLORIDA

Florida has approximately27 affordable homes available per 100 ELI renters.

5. COLORADO

Colorado has approximately 27 affordable homes available per 100 ELI renters.

4. ARIZONA

Arizona has approximately26 affordable homes available per 100 ELI renters.

3. OREGON

Oregon has approximately26 affordable homes available per 100 ELI renters.

2. CALIFORNIA

California has approximately21 affordable homes available per 100 ELI renters.

1. NEVADA

There is a dire shortage of affordable housing in Nevada, where just 15homes are available per 100 ELI renters.

As CityLabnotes, Nevada experienced an economic boost after the 2008 recession, but the state's housing market hasn't kept up with its recent influx of new residents, especially in cities like Las Vegas and Reno.

Affordable housing is easiest to come by in Alabama, but there's still a shortage. For every 100 ELI renters there, there are 61 affordable units.

HERE'S THE FULL MAP, WHICH SHOWS THE AFFORDABLE HOMES AVAILABLE PER 100 HOUSEHOLDS LIVING IN EXTREME POVERTY.

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The National Low Income Housing Coalition

Nationally, there are 35 affordable homes available per 100 ELI renters.


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Dated: June 25th 2017
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