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  • RICHMOND, CA - MARCH 31:  A construction worker hammers nails as he builds wall frames for a new home March 31, 2005 in Richmond, California. Sales of new U.S. homes soared 9.4 percent in February, the largest jump in more than four years and well above Wall Street forecasts.  (Photo by Justin Sullivan/Getty Images)

How We Went From an Affordable Housing Surplus to Shortage

December 6, 2013
December 6, 2013

By Christian Clansky , from The Daily WRAG

Most people probably wouldn’t call the 1970s “the good old days.” But in 1970, there was actually too much affordable housing available. So, what happened to cause such a massive shortage today? The Center for American Progress just published a new report on the subject (Atlantic, 12/6):

“In part, what’s happened is that families who used to be middle-class are increasingly looking for cheaper affordable rental housing, crowding out the most low-income from the units they have the best chance of affording. Housing aid also hasn’t kept pace with the size of the population that needs it. Today, only one in four households eligible for a rental subsidy is able to get one.”

 

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