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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.

Go deeper

Updated 6 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — U.S. tops 88,000 COVID-19 cases, setting new single-day record.
  2. Politics: States beg for Warp Speed billions.
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases.
  4. 🎧Podcast: The vaccine race turns toward nationalism.

Technical glitch in Facebook's ad tools creates political firestorm

Facebook CEO Mark Zuckerberg. Photo: SOPA Images / Contributor

Facebook said late Thursday that a mix of "technical problems" and confusion among advertisers around its new political ad ban rules caused issues affecting ad campaigns of both parties.

Why it matters: A report out Thursday morning suggested the ad tools were causing campaign ads, even those that adhered to Facebook's new rules, to be paused. Very quickly, political campaigners began asserting the tech giant was enforcing policies in a way that was biased against their campaigns.

7 hours ago - Health

States beg for Warp Speed billions

A COVID-19 drive-thru testing center yesterday at Hard Rock Stadium in Miami Gardens. Photo: David Santiago/Miami Herald via AP

Operation Warp Speed has an Achilles' heel: States need billions to distribute vaccines — and many say they don't have the cash.

Why it matters: The first emergency use authorization could come as soon as next month, but vaccines require funding for workers, shipping and handling, and for reserving spaces for vaccination sites.