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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 ...
Stuyvesant Town–Peter Cooper Village (/ ˈstaɪvəsənt /), colloquially known as StuyTown, is a large post– World War II private residential development on the east side of the New York City borough of Manhattan. The complex consists of 110 red brick apartment buildings on an 80-acre (32 ha) tract stretching from First Avenue to Avenue C ...
Since 2016, the city has required 20-30% of new housing developments to be affordable, meaning residents earning an average of 40-80% of the area median income can buy the units.
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 ...
Though apartments under 400 square feet are illegal in most of the city, Mayor Bloomberg is currently exploring ways in which such micro-units could be tested in New York City. %Gallery-177106% ...
Across New York City’s five boroughs in 2023, rent rates grew an average of 8.6 percent compared to just 1.2 percent for wages — the largest gap among the country’s 50 biggest metropolitan ...
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