Across some of the biggest U.S. cities, rent prices are continuing to rise for lower-income Americans. Meanwhile, an estimated 553,000 people experienced homelessness in 2018, according to Department of Housing and Urban Development (HUD) data.
And a recent Zillow study — which estimated the number of homeless people in America to be closer to 661,000 — found a specific correlation between rent affordability and the rate of homelessness at a certain threshold: “Communities where people spend more than 32 percent of their income on rent can expect a more rapid increase in homelessness.” Continue reading “Research details the ‘rapid increase in homelessness’ in certain U.S. cities”
