How changes to Fair Market Rent affects access to affordable housing for extremely low-income renters
Community and Economic Development Program of UNC
MARCH 27, 2024
As of 2023, about 72,000 North Carolina renters use vouchers to subsidize the cost of rent and utilities. Of those renters, 73% are extremely low-income, earning less than 30% of the local area median income. [1] For instance, the 2024 FMR was calculated using ACS data from 2017 to 2021.
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