Why affordable housing is a myth, in one chart


(SOURCE: NATIONAL LOW-INCOME HOUSING COALITION)

Meanwhile, low-income housing units have become increasingly scarce. The group points out in its report that the number of housing rental units for $500 a month or less fell by one million between 2007 and 2010, according to the Census Bureau. Federal funding for affordable housing has also been slashed. The NLIHC notes that in 2012, funding for the Public Housing Capital Funding was cut by 8 percent, and a separate funding program for states and local governments to create low-income housing was cut by 38 percent.

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