In the high-octane world of New York City real estate, billionaires parking cash in exclusive Midtown condos and co-op boards interviewing dogs only reveal part of the picture.
An NYU Furman Center report released Thursday portrays a city in crisis: Population growth has outpaced the increase in housing supply, while a rising rate of financially strapped residents pay a growing share of their incomes in rent. At the same time, the stock of housing available to low-income renters has been falling, according to the report, which evaluated 16 years of data.
The post NYU Report Describes City in Housing Affordability Crisis appeared first on Coalition For The Homeless.
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Source: Coalition for the Homeless