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The following chart provides a measure indicating the “need” for affordable rental housing (check the “View Chart Data:” box above to see data in table form). Low-income renters are defined as those with incomes below 60% of median household income. Paying over 30% of income for housing is defined as “cost burdened” or in “need” of affordable housing.
The red bar represents need for affordable housing units for lower-income renters who are cost burdened. The blue bar represents supply or the number of federally-assisted units that provide affordable assisted housing to qualified lower-income renters.
The lower-income renters in red are cost burdened and compete with in the marketplace for affordable housing. The lower-income units in blue are occupied by renters who have the opportunity of living in “assisted” affordable housing.
The number of federally-assisted units was provided by the Virginia Housing Development Authority (VHDA). VHDA compiled an inventory from data received from multiple agencies including HUD, USDA Rural Development, and local Public Housing Authorities (PHAs). This data may not match data provided directly by subsidy program administrators due to the necessity of reconciling minor differences among various data sources — e.g., minor data differences among agencies where multiple subsidies are layered within the same property.
The number of renter households with incomes below 60% of median and the number of those households paying over 30% of income for housing were estimated by the Center for Housing Research using U.S. Census American Community Survey data.
NEED / SUPPLY of lower-income Rental Housing
of lower-income Renter Households
have a ‘NEED’ (cost burdened)
NEED – Number of lower-income renter households who are cost burdened (pay over 30% of income for housing)
SUPPLY – Number of lower-income assisted rental units.
Sources: U.S. Census, American Community Survey; Virginia Housing Development Authority; and Virginia Tech Center for Housing Research.
The data contained in SOURCEBOOK is intended for informational, educational and research uses. The information may not be used for commercial purposes or re-marketed. Any reproduction and distribution of this information must clearly identify HousingForward Virginia and SOURCEBOOK as the provider of the information.