NLIHC: Housing Investments Combat Inflation
The targeted housing investments in the Build Back Better Act are critical to addressing a central driver of inflation – the rising cost of rent. Housing accounts for at least one third of a household’s budget, making it the single largest component of the consumer price index (CPI), a popular measure of inflation. For 7.6 million households with extremely low incomes – those with incomes below the federal poverty limit or 30% or less of area median income – housing consumes 50% or more of their monthly budget.
A $25 billion investment would expand rental assistance to an estimated 300,000 households, protecting these households from the harmful impacts of inflation and preventing housing instability and homelessness.
Click here to download the National Low Income Housing’s PDF.