Today the ACTION Campaign released an updated set of fact sheets showing the impact of the Housing Credit in every congressional district, including the number of affordable apartments created or preserved, the jobs that Housing Credit development supports and other benefits to local economies.
For the first time, the fact sheets also include data on the number of renter households in the state paying more than half of their income in rent, based on an analysis of the 2013 American Community Survey. There are over 26 million renters in the U.S., or roughly 11 million renter households, paying more than half of their income in rent. No state is immune from the affordable housing crisis – the number of severely cost burdened renters ranges from roughly 25,000 in Wyoming to an astounding 4.8 million in California. While this data is not available at the district level, this state-level data helps make the case for how much affordable housing is still needed around the country.
The district fact sheets use the latest data from the HUD Low-Income Housing Tax Credit database, which includes data on apartments placed in service from 1987 - 2013, and economic impact multipliers from the National Association of Home Builders. The fact sheets for at-large districts use data from the National Council of State’s Housing Agencies’ 2013 Factbook instead of the 2013 HUD data.
The ACTION Campaign has also released a set of fact sheets showing the impact of the Housing Credit in every state.