A new report released Thursday by the nonprofit Center for Responsible Lending (CRL), finds that states have the highest share of people in poverty and the highest rates of housing foreclosures.
The report shows that the number of Americans living in poverty has more than doubled over the past two decades, from roughly 14 million to 23 million.
The majority of those living in households headed by someone who earns less than $23,000 a year is in the South.
The study also found that more than 40% of American households are now living in foreclosed properties, a percentage that has doubled in the last decade.
The rate of foreclosing has been on the rise for some time, with home values in some areas plummeting and the value of homes in foreclosure skyrocketing.
CRL released the report at the end of February, highlighting the challenges facing millions of Americans who are facing homelessness and forecloshing, or evictions.
“The rising number of foreclosed homes and the growing number of renters are forcing millions of people into homelessness and eviction,” said CRL President Jim Risch in a statement.
“For those Americans facing homelessness, this is a serious threat to their ability to find a place to live.
For those facing eviction, this means the possibility of losing their homes and having to rent them out to another family or someone they don’t know.”
CRLL also found a high rate of foreclosure among the poor, with the median income for the poorest 40% in the country falling from $32,000 in 2012 to $23 and $21 in 2016, respectively.
Risch said that these numbers were the result of a combination of factors, such as increased poverty, the slow economic recovery, and rising housing prices, and that more needs to be done to make sure that this happens in the future.
There are now more than half of all Americans living below the poverty line, with nearly two million Americans struggling to make ends meet.
Many of these households rely on SNAP, which provides food assistance to low-income households, as a primary source of income.
The SNAP program has been struggling to keep pace with the cost of living, and food banks are seeing a significant spike in their needs.
The increase in SNAP benefit requests is one of the reasons that the agency is targeting the states most vulnerable and needs to expand the number and scope of its programs.
However, this crisis could be just the beginning of what the report calls a crisis of homelessness in the United States, with one in three Americans living without a place of their own.
In fact, nearly one in five Americans say that they do not have the money to cover their housing needs, according to the report.
To address the housing crisis, Risch has called on the federal government to establish a Housing Opportunity Tax Credit, which would provide $200 billion to states over 10 years to help them address the problem of homelessness.
But Risch also warned that if this tax credit isn’t extended, it will be very difficult for states to get back on track.
We have been working for the last two years on a bill that would do just that, and I am proud of the progress we’ve made, he said.
“The time has come for Congress to act, and the time has finally come for the federal Government to provide this tax relief.
This is a critical opportunity to bring an end to this crisis of chronic homelessness in America, and it should be passed in the next Congress.”
The report found that the foreclosure crisis was primarily a result of the collapse of the housing market, which led to a huge increase in forecloses, and then a collapse in housing values.
This has led to more foreclosed homes being put up for sale in some parts of the country, and more people living in the midst of homelessness, and potentially evictions, Rochin said.