People need affordable housing.

People need affordable housing.: "People Need Affordable Housing.
-If people cannot afford a place to live, they are at risk of becoming homeless.
-Families with children are losing their housing at unprecedented rates.
(click here to download this factsheet in .pdf format)
A lack of affordable housing and the limited scale of housing assistance programs are the primary causes of homelessness. The growing gap between the number of affordable housing units and the number of people needing them has created a housing crisis for poor people.
Overall, 14.4 million families have critical housing needs.
Between 1973 and 1993, 2.2 million low-rent units disappeared from the market. These units were either abandoned, demolished, converted into condominiums or expensive apartments, or became unaffordable because of cost increases (Daskal, 1998).
At the same time, the number of low-income renters increased, due to factors such as eroding employment opportunities and the declining value and availability of public assistance.
In 1999, there were only 4.9 million rental units affordable and available to 7.7 extremely low income renter households; a shortage of 2.8 million units (According to the 1999 American Housing Survey).
It would take annual production of more than 250,000 units for more than 20 years to close the housing affordability gap (According to the Millennial Housing Commission).
In 1997, 3 million low to moderate income working families spent more than 1/2 of their income on housing. By 2001 this number had jumped to 4.8 million - a 67% increase.
More recently, rents have soared, putting housing out of reach for the poorest Americans.
Between 1995 and 1997, the number of housing units that rent for less than $300, adjusted for inflation, declined from 6.8 million in 1996 to 5.5 millio"



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