New Article: Thomas E. Walls, Affordable Housing: Plenty of Demand, But No Supply to be Found, 24 N.C. Banking Inst. 417 (2020). First paragraph below:
Over the past decade, access to affordable housing has become an increasingly important issue for those individuals lower on the socioeconomic spectrum. The 2008 financial crisis and ensuing recession led to significant reductions in construction of new housing, especially housing suitable for low- and moderate-income households. As a result, demand for housing that low-and moderate-income Americans can actually afford has significantly outpaced supply, resulting in rising home and rent prices nationwide.
Poverty Law 