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REAL ESTATE COLLECTIVE GROUP

Why affordable housing

A nationwide shortage of affordable rental homes creates a lasting need for new housing.

34 / 100

Affordable and available rental homes for every 100 extremely low-income renter households.

NLIHC Gap Report · 2024

Demand exceeds supply.

The affordable rental housing shortage affects every state and metropolitan area. Public housing programs address this need by helping households afford rent and supporting the development of new homes.

Explore the national housing shortage
Map of affordable and available rental homes per 100 extremely low-income renter households. California is in the 30-or-fewer category.
National housing shortage map from the existing 2024 report materials.

Two programs. Different roles.

SECTION 8

Helping households pay rent

Section 8 vouchers provide rental assistance to eligible households, helping them rent homes in the private market.

SECTION 42

Financing affordable homes

The Low-Income Housing Tax Credit (LIHTC) helps finance income-qualified, rent-restricted housing. Tax credit equity investors receive credits against federal income tax.

Section 42 housing does not automatically include Section 8 rental assistance.

Our focus: California communities.

Our affordable housing work spans San Diego and Imperial Counties, Los Angeles, the Bay Area, Sacramento, the Central Valley and Northern California.

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