Growing Gap: New York Cityäó»s Housing Affordability Challenge

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By Scott M. Stringer (ed); Frank Braconi (au); Stephen Corson (au)
Year: 2014
Pages: 34
Binding Paperback
ISBN 978-1-4578-5746-1

Product Code: 1457857464

Description

New York City has been a national laboratory for innovative affordable housing policies äóñ- from the Tenement House Laws of the late 19th and early 20th century, to the development of the nationäó»s largest public housing system in the 1930s, to the sweeping community development efforts of the 1980s and beyond. But just as New Yorkäó»s housing environment has continually evolved, so has the depth and complexity of its affordable housing challenge äóñ- that today is marked by an evaporation of low-rent housing, record homelessness, an increasingly aged building stock, and rapid shifts in the cityäó»s economic and demographic landscape. The figures in this report tell a sobering story -- of stagnant incomes, rising rents, and a deepening affordability crunch, especially for the working poor and others at the lower end of the income spectrum -- despite significant housing investments during the 12 years of the Bloomberg mayoralty. The report examines why housing in NY has become so expensive and discusses housing priorities for post-Bloomberg NY. Figures and tables. This is a print on demand report.

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