Affordable Housing Harder To Find, Especially For Low Income Renters

Nov 13, 2017

A recent report from the government-backed lender Freddie Mac shows the stock of affordable rental housing dropped by 60 percent between 2010 and 2016. 

Of the rental housing Freddie Mac financed nationwide in 2010, 11 percent was affordable for very-low income renters, defined as those who make less than 50 percent of an area's median income. At a refinancing in 2016, only four percent of those same rentals was still affordable.