NAA Industry Insider: Low-Income Rental Market Contracts

Low-Income Rental Market Contracts

According to an annual study by Harvard University's Joint Center for Housing Studies released this past week, low-income rental households are facing increasingly difficult prospects when looking for places to live due to the harsh reality that more people are falling into poverty. At the same time, budget woes are cutting into the supply of government-subsidized housing. Between 2007 and 2011, the number of extremely low-income renters -- those earning 30 percent or less of the median income in their communities -- climbed by 2.5 million to 12.1 million.

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