In 2018, almost half of all renters in the United States were considered to be either moderately or severely cost-burdened, which means housing costs exceeded 30% of the family income. The COVID-19 crisis has highlighted and exacerbated the growing income inequality that has left millions of households behind.
Specifically, income inequality between Black and White households worsened. Although the median incomes of both Black and White households grew in the last decade, Black household incomes rose much more slowly. The median income for Black households in 2019 was $43,200—roughly 60% of that of white households and the lowest of all other racial groups.
In this episode, Tunua sits down with three experts to explore the topic of advancing equitable growth in the affordable housing industry.
Joining LISC LA for this conversation are: