On June 16, the Joint Center for Housing Studies (JCHS) at Harvard University released The State of the Nation’s Housing 2017, its annual assessment of the housing market, demographic trends and housing challenges faced by U.S. households. The report highlights continued affordability challenges, increased segregation by income, and the concentration of new additions to the rental multifamily supply at the upper end of the market, among other findings. According to JCHS, 21 million renter households were cost-burdened (paying more than 30 percent of their income on housing) and 11.1 million renter households were severely cost-burdened (paying more than 50 percent of their income on housing) in 2015.
At the launch event in Washington, D.C., housing experts discussed the report’s findings, including the fact that housing affordability remains a significant challenge for low-income renters. According to Enterprise President and CEO Terri Ludwig, who participated in the panel, possible federal cuts in tax credits and subsidies that support affordable housing may worsen these households’ predicament. Learn more about JCHS’ housing report in Enterprise’s blog post.