Access to affordable housing increases stability for vulnerable households and helps avert homelessness.
“Extensive research demonstrates that housing subsidies solve homelessness for the majority of families. The continuing crisis in affordable housing has led to a situation in which all too many poor families have become homeless. Many of these parents came of age when housing costs were high, and they were never able to break into the housing market. Others have lost housing and cannot find a new home that they can afford. For the vast majority of families, affordable housing, typically secured with a voucher or other subsidy, is sufficient to assure housing stability.” Quoted from Shinn, National Alliance to End Homelessness, 2009.
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1 in 4 renters in America – 11.4 million households – have extremely low incomes and cannot afford the rent.