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Rents are high and vacancies are low across the U.S., and not only in hot markets. A number of trends have converged to make this reality, not least of which is a cultural shift away from purchasing homes. But even as we become a nation of renters, our public policies continue to favor homeowners and the American dream of decades past. That bias hurts cities and their most vulnerable populations.
Today, a record 49.3 percent of renters spend more than 30 percent of their income on rent. It is a new high for the affordability crisis and one that demands new solutions. This ebook provides a look at five of those solutions being tested in cities today.
Next City notebook
The 21 Best Solutions of 2021 special edition magazine
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