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Even before the coronavirus pandemic, nearly one-third of households in the United States faced housing  cost burdens - Paying either 30% of their income for housing (cost-burdened) or 50% of their income (severe cost-burdened) - due to increased housing costs and growing income inequality.

As the economic fallout from the pandemic continues, millions of families are at risk of losing their homes and more than 37 million households are cost burdened, with little income to afford food, health care, and other basic necessities. With more than 17 million severely cost-burdened households in the U.S., advocating for home affordability and stability for homeowners and renters is as important as ever.

 

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