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…)

Chelsea neighborhood in Manhattan. Image credit: GK tramrunner229

City neighborhoods report threats to affordable housing. The Association for Neighborhood & Housing Development released its 2018 report on “How Is Affordable Housing Threatened in Your Neighborhood?” The report provided its findings in a chart on all neighborhoods in the five boroughs and indicators of threats to affordable housing. The Association is the umbrella organization of 100 non-profit affordable housing development groups, which serves low- and moderate-income residents in all five boroughs. (read more…)