top of page
  • Writer's pictureA Secure Foundation

The Facts Behind the Faces

Updated: Nov 16, 2023

LACK OF AFFORDABLE HOUSING


National

  • Today, 1 of every 4 renter households, a total of 10.2 million, is an extremely low-income household (ELI), defined as those earning no more than $19,706 annually.1

  • 75% of ELI renters spend over 50% of their income on housing.2

  • In 2010, there was a need for 6.8 million units that are both affordable and available to ELI households. This figure rose to 7 million in 2012.3

  • ELI households can afford to spend no more than $493 a month on rent. This year, the national two-bedroom fair market rent (FMR) edged up to $984, and the one-bedroom FMR is $788. This is far above the rent ELI households are able to pay.

Download the pdf below for full article


Homelessness Fact Sheet
.pdf
Download PDF • 1.69MB




9 views0 comments

Comments


bottom of page