Since 2002, the combination of falling incomes and rising rents has significantly increased the burden housing costs impose upon New York City's households, especially those earning less than 80% of the median income.
Over the past three years, housing rents in New York City have risen faster than inflation, and inflation-adjusted incomes have fallen, forcing New Yorkers with low or moderate income to allot a much larger share of their household budget for rent, according to a new report from New York University, The State of New York City's Housing and Neighborhoods. Prepared by the Furman Center for Real Estate and Urban Policy, a joint initiative of the New York University School of Law and the Robert F. Wagner Graduate School of Public Service at NYU, the report finds that the rate of new construction has outpaced population growth in recent years, but that the number of units available at rents affordable to the 42 percent of the city's households earning $32,000 or less fell by almost 205,000 units in the last three years.
The report provides the first independent analysis of the just-released results of the 2005 Housing and Vacancy Survey, a citywide survey of housing and neighborhood conditions conducted every three years by the U.S. Census Bureau for the City of New York. The report also features detailed analysis of 59 neighborhoods within the five boroughs, examining factors such as racial and economic diversity, housing quality, and sub-prime lending, as well as trends in public safety and education.
Some of the report's most notable findings about the state of the city include:
Thanks to Andrew Schinzel
FULL STORY: Housing Tighter for New Yorkers of Moderate Pay
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Chicago’s Ghost Rails
Just beneath the surface of the modern city lie the remnants of its expansive early 20th-century streetcar system.
Amtrak Cutting Jobs, Funding to High-Speed Rail
The agency plans to cut 10 percent of its workforce and has confirmed it will not fund new high-speed rail projects.
Ohio Forces Data Centers to Prepay for Power
Utilities are calling on states to hold data center operators responsible for new energy demands to prevent leaving consumers on the hook for their bills.
MARTA CEO Steps Down Amid Citizenship Concerns
MARTA’s board announced Thursday that its chief, who is from Canada, is resigning due to questions about his immigration status.
Silicon Valley ‘Bike Superhighway’ Awarded $14M State Grant
A Caltrans grant brings the 10-mile Central Bikeway project connecting Santa Clara and East San Jose closer to fruition.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Caltrans
City of Fort Worth
Mpact (founded as Rail~Volution)
City of Camden Redevelopment Agency
City of Astoria
City of Portland
City of Laramie