The ACTION Campaign’s district fact sheets, which show the Housing Credit’s impact in each congressional district and the affordable housing needs that still remain in every state, have been updated to reflect the most recent data available.
The data come from HUD’s LIHTC database through 2014, with economic impact multipliers from the National Association of Home Builders. The district fact sheets also include data on cost-burdened renters from the 2014 American Community Survey, and data from the National Low Income Housing Coalition’s 2014 Out of Reach report, showing how many hours a minimum wage worker in each state has to work in order to afford a modest two-bedroom apartment.
Our ACTION state fact sheets were also updated in September with 2014 data, showing that the Housing Credit has financed 2.9 million apartments nationwide, providing affordable homes to 6.7 million low-income families and supporting 3.25 million jobs. However, 11.4 million households still pay more than half of their income towards rent, and the average minimum wage worker has to work 91 hours per week in order to afford a modest-two bedroom apartment, underscoring the need to expand the Housing Credit.