May/June 1998
Access
Studies Show Growth in Affordable Housing Gap
The problem is not isolated in the cities, according to the report. The number of suburban households with critical housing needs jumped by 146,000 from 1991 to 1995 a 9 percent increase which represents faster growth than in cities. Renters who rely on public assistance are not solely the source of this increase either, since the number of families with worst case needs and at least one full-time worker skyrocketed by 265,000 to nearly 1.4 million from 1991 to 1995, as low wage jobs failed to keep pace with rapidly rising housing costs. The report estimates that 5.3 million families pay at least half their income in rent.
In Search of Shelter: The Growing Shortage of Affordable Rental Housing
for Low-Income Families reports a substantial shortage of affordable
housing in recent decades. The number of available low-income units has
gone from a surplus of 300,000 in 1970 to a shortage of 4.4 million in
1995, according to the report. At the same time, the amount of funds appropriated
for federal low-income housing programs has declined. The report examines
a number of policy responses to address this growing gap and suggests that
targeted housing subsidies to increase the supply of affordable housing
would be the best response.
The State of the Nation's Housing: 1998, an examination of economic and social trends affecting housing in America, discusses the strength of America's housing market in recent years and projects a similar trend for the future. At the same time, the report examines the growth in unmet housing needs among low-income households.