On Thursday, City Comptroller Scott Stringer published a startling report on the affordable housing crisis in New York City that shows a significant gap between the housing needs of extremely low-income New Yorkers and the targets of Mayor de Blasio’s Housing New York 2.0 Plan. The report also proposes a couple of intriguing progressive ways to address it.
In total, 585,000 New York City households with very-low to extremely-low incomes face severe housing pressure, representing nearly 20% of the city’s population. Looking into the numbers a bit closer, an estimated 515,000 New York City households face severe rent burdens and overcrowding. Two-thirds of these households make less than $28,000 per year and are paying a staggering 74% of their monthly income towards rent.
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