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    Comptroller’s Report Shows Scope of City’s Affordable Housing Crisis

    Affordable Housing  •  Citywide

    Image credit: pxhere.com.

    The report closes in on housing needs for low- and extremely low-income households and proposes four initiatives on how to provide affordable housing for these households. On November 28, 2018, New York City Comptroller Scott M. Stringer released its NYC for All: The Housing We Need report showing the scope of the City’s affordable housing crisis. According to the report, the city’s population grew nearly half a million between 2009 and 2017 and city employment increased by over 800,000 jobs. While the city has experienced population and job growth, the growth of residential units has failed to keep the pace with a net increase of only 100,000 residential units for the 500,000 people. (read more…)

    Tags : affordable housing, crowded housing, extremely low income, housing crisis, low income, middle class, overcrowding, rent burden
    Date:01/04/2019
    Category : Comptroller's Office
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