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The housing shortage in New York is driven by a lack of housing supply. Home construction in New York City lags far behind other major American cities. [4] From 2010 to 2023, housing supply in the city increased by 4% while jobs increased by 22% [4]; however, 973,000 workers commuted into the city from its suburbs as of 2019 [5], as employment ...
Several federal and state initiatives have targeted this problem, but have failed to provide enough affordable, inclusive, and sustainable housing for New York City residents. The demand for affordable housing in New York City remains high: 2.5 million applications were submitted for 2,600 available affordable apartments in 2016. [63]
Homelessness in New York. In October 2023, an average of 90,578 people slept in New York City 's homeless shelters each night. [1] This included 23,103 single adults, 32,689 children, and 34,786 adults in families. [2] The total number is at its highest ever, with 63,636 people sleeping in homeless shelters.
New York City vacancy rates hit a historic low in February. ... With so few homes available—and affordable homes at that—housing advocates in the city have formed a super PAC that aims to ...
Website. nyc.gov/nycha. The New York City Housing Authority (NYCHA) is a public development corporation which provides public housing in New York City, and is the largest public housing authority in North America. Created in 1934 as the first agency of its kind in the United States, it aims to provide decent, affordable housing for low- and ...
While SRO units are mostly associated with low-income renters, in cities where dwellings are expensive and scarce, there may be "middle-class SROs", a type of microapartment aimed at middle class and professional renters. The first 2010s-era micro-unit housing building in New York City, Carmel Place, opened in 2016. It has 55 studios which go ...
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