Need for New Affordable Housing Urgent as New Report Points to Bleak Market for Low Income Renters

New York, NY – June 6, 2011 – (RealEstateRama) — Rental vacancy rates are declining, rents are increasing, and low cost rental units are disappearing from the nation’s housing stock. These are among the findings of The State of the Nation’s Housing: 2011, a report of the Joint Center for Housing Studies of Harvard University released here today.