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“In short, the challenges are formidable. At the national level, the affordable housing crisis has been a significant and persistent feature of the rental market for quite some time and continues to worsen. The crisis is exacerbated by the rise in unemployment and lost wages in times like the current COVID-induced economic downturn but tempered by the unprecedented level of federal dollars that Congress has aimed at affected individuals and businesses.”
–From an MBA CONVERGENCE environmental scan examining affordability challenges in rental housing markets.