icon-search icon-programRelatedInvestments icon-missionRelatedInvestments icon-lowIncomeHousingTaxCredit icon-technology icon-placeBased icon-loanGuarantee icon-minority icon-equityInvestments icon-close calendar chevron-thin-up chevron-thin-down chevron-thin-right chevron-thin-left icon-facebook icon-linkedin icon-twitter icon-youtube icon-caret icon-lock icon-star-in-circle heart-icon home-icon dashboard-icon messages-icon user-icon

The Affordable Housing Shortage is Hurting Afghan Refugees

Roughly a quarter of the more than 100,000 Afghans evacuated from Kabul in August have already arrived at American military bases for further processing, awaiting their opportunity to start a new life in the US. But amid a nationwide affordable housing crisis, finding them a place to call home is proving a major obstacle.

There has been a dearth of available and affordable homes for low-income renters for years, but the pandemic has exacerbated the trend, increasing the shortage to 6.8 million units nationwide as of March 2021. The problem is particularly acute in states that have historically taken in large numbers of refugees — such as California, Texas, and New York — as well as in major metro areas across the US.

In New York, there are 37 affordable homes for every 100 low-income renters. In Texas and California, there are fewer than 30. This limited supply has created massive demand for rental units, driving up rents as a result.

The White House is attempting to address the shortage. In the next three years, it plans to build and sell 100,000 affordable homes, prioritizing both individual buyers and nonprofit organizations.

President Joe Biden has also proposed a $300 billion plan to either build or preserve 2 million affordable homes as part of a broader infrastructure package that has already passed the Senate and is currently being considered in the House. Finally, the Biden administration has made a $6.4 billion emergency funding request to Congress to support Afghan resettlement.

Read more from Vox here>>>