In Indiana, the shortage of affordable and available housing has grown in recent years. There are currently 38 affordable and available homes for every 100 extremely low-income rental households in the state.
An increase in rental prices combined with a decrease in rental availability creates a concerning trend for renters across Indiana. Homeowners face similar issues in the current market. Furthermore, a lack of affordable and available homes—either to rent or to buy—directly contributes to homelessness in the state.
Researchers suggest expanding affordable housing tax credits, increasing social safety net programs, expanding the Indiana Housing First program, and increasing funding for permanent supportive housing to help address housing affordability, availability, and homelessness in the state.