‘Private market on its own cannot produce or maintain housing at rents that <30% AMI renters can afford, as affordable rents for these households do not cover development & operating costs. This makes it financially unviable for private developers to build or maintain low-cost units without subsidy’
NLIHC#NLIHC released today “Out of Reach 2026.” Published annually, #OOR26 highlights the gulf between the wages people earn and the price of modest rental housing in every state, county, and metropolitan area in the U.S. Learn more and read the report here: https://nlihc.org/oor