Each year, the National Low Income Housing Coalition releases “The Gap,” a report highlighting the massively inadequate supply of affordable homes available to renters at low and extremely low incomes. This week, NLIHC released the 2018 edition, and it’s clear that housing advocates still have lots of work to do.
Nationwide, there’s a shortage of 7.2 million affordable homes for extremely low income households. That’s almost one home for every person in Virginia.
NLIHC publishes data for “The Gap” by state and metro areas, too. Across Virginia, there are only 54 available and affordable homes for every 100 renter households earning less than 50% AMI. That pencils out to a shortage of more than 193,000 affordable homes. That includes 28,600 in the Richmond region, 50,300 in Hampton Roads, and 160,000 in the DC metro area.
Click the links above to read the entire report and explore more data.