For years, there’s been a gap between renters’ housing costs and their incomes. And it got even worse during the pandemic, when rents soared and earnings stagnated. Expanding the Housing Choice Voucher Program may help struggling renters, one expert said.
For years, there’s been a gap between renters’ housing costs and their incomes. And it got even worse during the pandemic, when rents soared and earnings stagnated.
“These higher rents are especially hard for families with the lowest incomes to absorb,” Bailey wrote. “Closing the housing-affordability gap will require a comprehensive housing strategy, including developing new units, preserving existing affordable housing, and expanding rental assistance.” Increasing vouchers for tenants to rent in the private market would broaden their choices and potentially reduce segregation, Bailey said.
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