Aug 1, 2017

There isn't enough housing for low-income Americans

Carlos Osorio / AP

Better market analysis could solve America's affordable housing crisis, witnesses said Tuesday at Senate hearing. The supply of available low-rent units for people making between $20,000 and $40,000 exceeds demand, but there is a shortage of units cheap enough for the lowest-income Americans, who make less than $20,000 a year, according to Kirk McClure, an urban planning professor at the University of Kansas.

Why it matters: Harvard's Joint Center for Housing Studies predicts the number of Americans who spend half their monthly income on rent will rise 25% to 15 million by 2025. An analysis by the National Low Income Housing Coalition found that there are 35 housing units available for every 100 extremely low-income Americans.

Flashback: Senators Maria Cantwell and Orrin Hatch introduced a bipartisan bill to reform the Low-Income Housing Tax Credit — the nation's largest affordable housing program — in March.

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Serological coronavirus testing could be key to economic reopening

Illustration: Sarah Grillo/Axios

America's economy won't reopen anytime soon, despite frantic CEO whispers, but a glimmer of hope may be emerging in the form of serological testing.

Why it matters: Serologic tests aren't to determine whether or not you're infected with coronavirus. They are to determine if you have potential immunity that could allow you to safely return to work.

Government tech struggles to dole out coronavirus stimulus cash

Illustration: Eniola Odetunde/Axios

Tech challenges are hampering federal and state government efforts to get funds from the $2 trillion coronavirus relief law into the hands of newly unemployed workers and struggling small businesses who need it.

Why it matters: Many businesses and individuals need the money now for essentials, including meeting payroll and paying rent.

U.S. coronavirus updates: Death toll passes 9,600

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

Recorded deaths from the novel coronavirus surpassed 9,600 in the U.S. on Monday, per Johns Hopkins data. More than 1,000 people in the U.S. have died of coronavirus-related conditions each day since April 1.

Why it matters: U.S. Surgeon General Jerome Adams said on Sunday the coming week will be "the hardest and saddest week of most Americans' lives" — calling it our "our Pearl Harbor, our 9/11 moment."

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