Key Takeaways
- In the US, 37.5% of renter households (about 22.7 million) spent more than 30% of income on rent in 2022
- In the US, 47.2% of renter households spent more than 30% of income on rent in 2019
- In the US, 20.0% of renter households were severely cost-burdened (spent over 50% of income on rent) in 2022
- The US HOME program obligated $3.3 billion in FY 2023
- The US HOME program had 4,058 participating jurisdictions in FY 2023
- In FY 2023, HUD awarded $800 million for the National Housing Trust Fund (NHTF)
- In the EU, about 10.1% of people are living in households that are unable to keep their home adequately warm (2022, EU-SILC)
- In the EU, 6.3% of people cannot afford basic household services (2022)
- In the EU, 7.4% of people live in overcrowded housing (2022)
- In the US, HUD’s Housing Choice Voucher program has an average payment standard factor of 1.00 for local area, which ties to fair market rent (policy)
- HUD’s Fair Market Rent (FMR) is published annually for every county
- In 2024, HUD’s FMR documentation specifies methodology uses 40th percentile gross rent
- In the US, 44% of households in need are extremely low-income renters
- In the US, 38% of housing need is for very low-income renters
- In 2022, extremely low-income renter households numbered 11.1 million (US)
Nearly half of renters are cost-burdened, while millions lack affordable homes.
US Housing Costs and Need
US Housing Costs and Need Interpretation
US Policy, Programs, and Funding
US Policy, Programs, and Funding Interpretation
Global Affordable Housing Context
Global Affordable Housing Context Interpretation
Housing Supply, Construction, and Outcomes
Housing Supply, Construction, and Outcomes Interpretation
Program Impacts, Populations Served, and Demographics
Program Impacts, Populations Served, and Demographics Interpretation
References
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