Orlando ranks last in housing options for low-income residents
Metro Orlando, long considered an affordable housing market, has the nation’s greatest shortage of rentals for extremely low-income tenants, a new study shows.
Orlando, in a tie with Las Vegas, ranked worst nationally for availability of apartments that meet the needs of its most struggling group of renters, according to the National Low Income Housing Coalition.
The two tourist-driven economies – Orlando and Vegas — had only 15 affordable rentals available for every 100 extremely low-income renters whose households make less than $18,000 a year, according to the report.
“The most significant crisis is that this forces them to spend so much of their income on housing,” said Andrew Aurand, vice president for the coalition. “You’re looking at a potential increase in your homeless population too.”