Report Shows Rising Housing Crisis in New York City

credit: via Mahalo

The annual "State of New York City's Housing and Neighborhoods" released by New York University Law School’s Furman Center for Real Estate and Urban Policy exposes data showing the NYC housing affordability gap.

This affordability gap is a rift between incomes and housing costs amplified during the "Great Recession" of 2009. The report confirms that the decreasing supply of affordable rental housing is creating severe affordability problems for the growing population of poor and low-income New Yorkers.

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