AS LOW-COST UNITS BECOME INCREASINGLY SCARCE, LOW- AND MODERATE-INCOME RENTERS ARE LOSING ACCESS TO MANY NEIGHBORHOODS
Harvard
According to the Center’s recently released report, America’s Rental Housing 2022, the loss of low-cost rental units is making it increasingly difficult for low- and moderate- income renters to find affordable housing. Whether due to rising rents, conversions out of the rental stock, or outright demolition, the report tells us that the number of units renting for less than $600 fell by 3.9 million between 2011 and 2019. As the interactive map below shows, declines occurred in every state (Figure…