Source: (NLIHC)
There are only 38 affordable and available rental homes — three fewer than last year— for every 100 of North Carolina’s 350,000 extremely low-income households, according to a recent report by the National Low Income Housing Coalition.
That translates to 133,436 affordable and available rental units for extremely low-income households. There’s a deficit of 215,085 rental units for the state’s most economically vulnerable population, according to the report.
Extremely low-income households are among the poorest with incomes at or below the poverty line or 30% of area media income. Such households, according to the report, are severely cost burdened, meaning they spend 50% or more of their income on housing.
Stephanie Watkins-Cruz (Photo: NC Housing Coalition)“When housing isn’t available or affordable, we know that this leads to difficult decisions and often shows up in the data as cost burden or severe cost burden,” Stephanie Watkins-Cruz, director of housing policy for the NC Housing Coalition’s website, said in a post about the report on the advocacy group’s website.
Under U.S. Dept. of Housing and Urban Development income limits for North Carolina, one person is considered extremely low-income if they earn $19,550 a year; it’s $22,800 for a two-person household; $25,650 for a three-person household and $28,500 for four-person household. The income limit varies by Metropolitan Statistical Area.
Watkins-Cruz noted that what extremely low-income renters can afford to pay for rent does not cover the development and operating costs of new housing and doesn’t provide enough incentives for landlords to maintain older housing.
“We know that the private market alone does not and cannot provide housing that is affordable to extremely low-income renters or moderate-income renters without any kind of subsidy,” Watkins-Cruz said.
The National Low-Income Housing Coalition shared the findings in its annual study, “The Gap: A Shortage of Affordable Homes,” which examines affordability and availability of rental homes for households of different incomes levels across the country.
The report shows that 89% of North Carolina’s extremely low-income households are burdened by housing costs, meaning they spend 30% or more of their income on housing. Seventy-six percent are severely cost burdened, which means they spend more than 50% of income on housing.
“Severely cost burdened poor households are more likely than other renters to sacrifice other necessities like healthy food and healthcare to pay the rent, and to experience unstable housing situations like evictions,” according to the report.
The report analyzed the top 50 metropolitan areas in the country, three of which are in North Carolina:
The Charlotte-Concord-Gastonia (NC-SC) Metropolitan Area has approximately 75,000 extremely low-income renter households but only 22,891 affordable and available homes, or 31 per every 100 of those households. The Raleigh-Cary (NC) Metropolitan Area has over 47,000 extremely low-income households and only 14,000 affordable and available rental homes, or 29 per every 100 of those households. The Virginia Beach-Chesapeake-Norfolk (VA-NC) Metropolitan Area has almost 57,000 extremely low-income households and less than 15,000 affordable and available rental homes, or 26 per every 100 of those households.The 2026 report found a national shortage of 7.2 million affordable and available rental homes for extremely low-income renter households. Nationally, there are only 35 affordable and available rental homes for every 100 extremely low-income renter households.
Renee Willis (Photo: NLIHC)“The findings from ‘The Gap’ show that no state or major metropolitan area has an adequate supply of affordable and available homes for extremely low-income renters,” said Renee M. Willis, president and CEO of the National Low-Income Housing Coalition (NLIHC).
The supply of affordable and available rental homes ranges from 16 affordable and available homes per 100 extremely low-income renter households in Nevada to 73 in South Dakota, according to the report. In 13 of the 50 largest metropolitan areas in the country, the shortage of affordable and available homes for extremely low-income renters exceeds 100,000 units, the report said.
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