Although the United States is in the midst of a housing crisis that impacts very low-income families the most, government assistance is primarily directed toward homeowners, leaving renters struggling to find affordable housing.
A new FRONTLINE documentary on PBS highlights the severity of the housing crisis, with more than 11 million households now considered “severely cost-burdened,” meaning they spend more than half of their income on housing.
According to FRONTLINE, the number of households that fall into that category grew by about 25 percent between 2007 and 2015. And most of those are considered extremely low-income, making less than 30 percent of their area’s median income.
A lack of available rental housing stock exacerbates the problem.
“What happened when we hit the foreclosure crisis is that, all of a sudden, millions of families lost their homes,” according to Shaun Donovan, secretary of the Department of Housing and Urban Development from 2009 to 2014. “They became renters competing in the same rental housing market. And at the same time, incomes were going down even if you could keep your job. And that led to a rental affordability crisis in this country that’s as bad as it’s ever been in our history.”
To learn more, go here: https://www.pbs.org/wgbh/frontline/article/a-housing-affordability-crisis-thats-worse-for-the-lowest-income-americans/?utm_source=twitter&utm_medium=social&utm_campaign=share_button