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At risk households: Severe cost burden

These Vermont households were paying more than half of their income for housing in 2018.  When so much income is consumed by housing expenses, households are at extremly high risk of homelessness, foreclosure and eviction.  The surge in unemployment caused by the COVID-19 pandemic is likely to reduce the income of many of these already severely cost burdened households. Without commensurate reduction in housing expenses, households  with declining income may find themselves unable to pay their housing expenses. More cost burden data is available in the main Community Profiles.