Report: Affordable Housing Shortage
Indiana’s supply and cost burden remains behind Midwest average.
A new report by the National Low Income Housing Coalition and Prosperity Indiana finds there are just 39 affordable and available rental homes for every 100 extremely low income Hoosier renter households.
This is just one of many findings in The Gap: A Shortage of Affordable Homes. The report shows that Indiana’s shortage of affordable housing and severe housing cost burden is statewide and is concentrated in extremely low-income renter households in all 92 counties.
The report finds that “the economic repercussions of the COVID-19 pandemic, followed by significant rent increases, drastically impacted the supply of affordable and available rental homes, nationally, in recent years. While rental inflation has cooled going into 2023, extremely low-income renters will continue to face significant barriers to finding and maintaining affordable housing, as their incomes are insufficient to cover even modest rental prices.”
Click here to read more about The Gap report findings.