These Numbers Prove the Affordable Housing Crisis is Nationwide

“As a result, most of the new units being built are for high-end renters or potential condo owners. ‘Many developers are more focused on renovating existing properties or building new ones in hopes of appealing to more affluent renters,’ as The Atlantic puts it in its analysis of the affordable housing crunch. ‘Faced with a choice between building ritzy apartments that can be priced at the market rate or building government-subsidized ones, developers are generally drawn to the former.’
All of this trickles down to low-income families, who often must commit more of their limited resources to rising rent. At the same time, federal subsidies for low income renters are drying up. As ATTN: reported last year, ‘There is not a single state in the U.S. where a minimum wage employee working full-time can reasonably afford a one-bedroom apartment at the fair market rent.'”