News Round-Up: Sequestration and the Housing Shortage

Last week, NLIHC released Housing Spotlight: America’s Affordable Housing Shortage, and How to End It. It’s a startling look into the depth of the affordable housing shortage facing extremely low income households, providing data at both the national and state levels showing the amount of housing needed is far greater than what is affordable and available to the lowest income renters.

Prior to the release of our report, HUD released a summary of its report to Congress on the worst case housing needs. As the Seattle Medium notes, the report shows 8.48 million renter households experiencing the worst case housing needs– severely unaffordable housing, substandard housing conditions or both– which represents a 43.5% increase since 2007.

The local CBS affiliate in Phoenix reports that due to the shortage of affordable rentals available to the lowest income people, three out of four of these renters will spend more than half of their incomes on housing costs.

Foster’s Daily Democrat in New Hampshire reports on the HUD worst case needs report, and notes that while rents in the state are increasing, the data shows that vacancy rates are down, adding another layer of difficulty for lower income renters.

While the data continue to show that low income renters face a severe housing shortage, the federal programs that help the poorest Americans with their housing needs are now subject to deep cuts. As the New York Times reports, sequestration, which took effect Friday, will result in hundreds of thousands of very poor households losing their housing assistance and becoming at risk of homelessness.

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