Former President Jimmy Carter, a Nobel Peace Prize winner, believes the Trump administration is ignoring the national housing crisis. The almost 94-year-old told CNBC this week “low-income housing needs to be raised much higher as a priority for our country.” Carter is also urging voters to support future candidates that promote affordable housing and want broad reform for the U.S. Department of Housing and Urban Development.
This fall's elections offer voters a chance to support an issue that has been widely overlooked by candidates in this year's midterm election cycle.
Since the 2008 financial crisis, the housing market has broadly recovered overall. But many Americans have been left behind. Millions of low-income Americans are paying 70 percent or more of their incomes on housing and face a shortage of available affordable rental apartments.
Carter said the gap between rich and poor has reached unprecedented levels as land becomes scarce and the cost of homebuilding rises.
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