There are nearly 21 million cost-burdened renters, according to a recent study by the Harvard Joint Center for Housing Studies. A generally accepted definition of cost-burdened is spending more than 30% of your income on housing. More than half of these paid more than 50% of income on housing. In another study, by the National Low Income Housing Coalition, only 35% of extremely low income renters have an affordable unit available to them.
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