Report Reveals Growing Housing Crisis: Analyzing Worst Case Housing Needs
Last week, the Department of Housing and Urban Development (HUD) released the Executive Summary for their 2023 Worse Case Housing Needs Report to Congress.
The 2023 Worst Case Housing Needs Report to Congress analyzes recent data from the 2021 American Housing Survey (AHS) to examine critical housing challenges facing low-income renters. The 2023 report highlights a consistent increase in severe housing needs across demographics, households, and regions in the US since 2019. The rising demand for affordable rental housing continues to surpass income growth and the capacity of government to develop affordable housing stock and provide housing assistance. These factors have led to a record-breaking number of families facing worst case housing needs.
This blog provides an overview of worst case housing needs, the 2023 Executive Summary, and what it means for Charlotte-Mecklenburg.