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In news•septiembre 1, 2021•1 Minute

AFFORDABLE HOUSING IN NEW YORK: A PRIMER

Emerging from the city’s closure after the first year of COVID-19, New York now finds itself facing an ongoing and more severe problem: the lack of affordable housing. With unemployment at 10.6% and jobs having evaporated during the pandemic, there is an even greater need for low-income housing. The typical New Yorker is already rent burdened, spending 50% or more of his or her income on housing—far beyond the recommended 30%. Eight years ago, Mayor Bill de Blasio called for an end to the “tale of two cities” economic disparity, but according to a study by the digital news platform The City, there is now a 700:1 ratio of NYC Housing Lottery applicants to openings for low-income apartments in New York, with the Coalition for the Homeless reporting 51,000 people in shelters every night as of June 2021.

 

 

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