AOL News published an opinion piece yesterday by U.S. Sen. Jeff Merkley (D-Ore.), and David Abromowitz, senior fellow at the Center for American Progress and partner at Goulston & Storrs in Boston.
"Foreclosures dominate the news," they write, but "there's a larger and more worrisome housing crisis ahead: a looming shortage of affordable rental housing.
"One credible estimate is that over the next 30 years, we may need to add more than 50 million new housing units of all types to meet the demand.
"Are we on track to meet this need? The short answer is no. But it is possible to do so."