{"id":6617,"date":"2023-03-22T15:33:41","date_gmt":"2023-03-22T15:33:41","guid":{"rendered":"https:\/\/affordablehousingonline.com\/blog\/?p=6617"},"modified":"2023-04-05T16:57:08","modified_gmt":"2023-04-05T16:57:08","slug":"shortage-of-7m-homes-for-extremely-low-income-renters","status":"publish","type":"post","link":"https:\/\/affordablehousingonline.com\/blog\/shortage-of-7m-homes-for-extremely-low-income-renters\/","title":{"rendered":"Shortage of 7M homes for extremely low income renters"},"content":{"rendered":"\n
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A lack of affordable housing is the main reason for America\u2019s rental housing crisis. This has left a shortage of 7.3 million affordable homes available to renters with extremely low incomes.<\/p>\n\n\n\n

According to the National Low-Income Housing Coalition\u2019s The Gap 2023<\/em><\/a> report, there are only 33 affordable homes available for every 100 renters with incomes below 50% of the area median income (AMI). Because of this shortage, 73% of extremely low-income renters face severe housing cost burden.<\/p>\n\n\n\n

The Gap 2023<\/em> also shows that the lack of affordable rental housing has gotten even worse in recent years. The shortage increased by more than 500,000 rental homes from 2019 to 2021.<\/p>\n\n\n\n

Keep scrolling for more summaries about the latest news in affordable housing \ud83d\udd3d<\/p>\n\n\n\n

Millions of low-income renters will lose pandemic health benefits<\/h4>\n\n\n\n

According to the Center on Budget and Policy Priorities (CBPP)<\/a>, 18 million people will lose their Medicaid coverage with the end of COVID-19 pandemic benefits.<\/p>\n\n\n\n

Although most people who lose coverage no longer qualify for the program, millions more will also lose Medicaid even though they are still eligible.<\/p>\n\n\n\n

Many low-income renters rely on Medicaid for their health coverage. During the COVID-19 pandemic, Congress increased Medicaid funding and required that states not cut people off from coverage during the public health emergency.<\/p>\n\n\n\n

The federal COVID-19 emergency declaration is set to end on April 1, 2023. At that time, states will begin reviewing the eligibility of everyone currently covered by Medicaid. This is often referred to as \u201cunwinding\u201d the emergency requirements.<\/p>\n\n\n\n

These are the key facts for low-income households to know about the unwinding of pandemic Medicaid benefits:<\/p>\n\n\n\n