The United States is currently facing a persistent shortage of affordable housing, which has spread from densely packed cities to many metropolitan areas across the country. Despite the recent improvements in housing output, the housing affordability crisis continues to deepen, driving up home prices and rental rates faster than wages. According to NLIHC, most renters spend 30% or more of their income on rent. This basically means that many Americans aren’t able to comfortably pay rent or buy a home, and still have enough money to cover all of their monthly expenses.
