New data shows the number of subsidized rental homes in Marion County is stagnant, while the need for units affordable to extremely low-income households is large. Check out this new Polis analysis, A Deep Dive into Affordable Rental Housing. In this article, we look closer at the trends in subsidized housing and compared the number of affordable rental homes to the number of low-income rental households. We find a clear gap in supply for extremely low-income households, for which rents of around $250 or less are affordable. While there are in theory enough rental units in existence for very low-income households requiring rents of $600 to $700, these are mostly rented by extremely low-income households (who likely cannot find something more affordable) or moderate-income households. As a result, there is an affordability gap that may be alleviate by development of both affordable and market-rate rental housing.
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