Recession Aggravated Affordability Problems for Low-Income Renters, Put Strain on Owners, Report Says

摘要

The Great Recession of 2007-2009 has aggravated an already serious affordability problem for low-income renters while also putting a financial strain on multifamily owners, according to a report from the Harvard Joint Center for Housing Studies. The report notes that rental housing affordability generally improves during periods of economic growth and declines in recessions. This time, however, the recent recession followed a decade marked by the worst deterioration in rental housing affordability since the 1970s.