Indiana's Housing Crisis: Shortage of Affordable Homes
Indianapolis News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Indiana grapples with a severe shortage of affordable housing for low-income renters, ranking among the worst in the Midwest. A recent report reveals only thirty-four affordable units per one hundred extremely low-income renters, tied with Illinois. This scarcity is exacerbated by restrictive zoning, market trends favoring luxury rentals, and renovation costs. The issue disproportionately affects Black, Latino, and Native American renters, with many spending over thirty percent of their income on rent and utilities. Availability varies greatly by county and district, with some areas having as few as fourteen units per one hundred extremely low-income renters. Lawmakers across parties acknowledge the need for targeted solutions as rents continue to rise and more Hoosiers seek stable homes.
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