A new study by the National Multifamily Housing Council and NYU Urban Lab found that closing the affordable rental housing gap would take more than a century at current construction rates in 38 of the nation’s 51 largest metro areas. Over 22.4 million renter households — more than half of all renters — are paying higher rent than is affordable, and researchers say no private housing will ever be affordable to extremely low-income households without subsidies. Cities like Dallas that have built aggressively have managed to lower rents, but the shortfall for the lowest-income renters remains a separate crisis requiring direct subsidy regardless of market-rate construction.
Read more: https://www.nytimes.com/2026/09/10/realestate/a-century-to-build-enough-affordable-rentals.html
