The CBC studies state and local issues and offers policy recommendations. Image Credit: Citizens Budget Commission
CBC report compares New York City’s lack of housing affordability to 22 other cities. On August 6, 2014, the Citizens Budget Commission released a report studying the scale of New York City’s affordable housing problem by comparing New York City to twenty-two other U.S. cities that were either among the largest U.S. cities by population, or the centers of the largest metropolitan areas by population. The study covers a thirteen-year time period, 2000 to 2012. CBC found that while New York City’s housing market relied more on rental housing than any other city in the study, and that even though the housing supply grew more slowly than the other cities, New York City still did not have the highest average rents, nor was it the most unaffordable.
