“Explosion” of number of seniors in shelters could hit NYC

Shortage of affordable housing for elderly growing worse, says comptroller

New York /
Apr.April 29, 2014 01:20 PM

The hunt for housing is an increasing challenge for New York City’s senior citizens, as Social Security checks fail to keep up with the rising cost of rent and the number of names on affordable housing lists nears 4,000.

New York’s elderly population is its fastest growing. The Big Apple will have as many residents aged 65 and older as those of school age by 2030, with that portion of the population composing 15.5 percent of all residents, compared to 12 percent now. New York’s older population also has a disproportionate number of renters, and almost a quarter of those adults live in poverty, the New York Times reported.

Still, of the 165,000 units of affordable housing created or preserved under Mayor Bloomberg, fewer than 10,000 were allotted to older residents, according to a recent report from the Council of Senior Centers and Services. And the comptroller’s office dubbed the city “woefully behind other areas of the country in providing viable subsidized and market-rate options suitable for and affordable to seniors” in its own report, released last week.

“Absent a concerted effort, we’ll see an explosion of elderly people in shelters,” City Comptroller Scott Stringer told the Times.

New York also has a comparatively lower number of market-rate assisted-living and retirement communities than comparable metropolitan areas because the cost of rehabilitating older buildings is so high, a housing industry expert told the Times. [NYT]Julie Strickland


Related Articles

arrow_forward_ios
A rendering of 165 Broome Street (Credit: Handel Architects)
Nonprofit plans affordable housing development near Essex Crossing
Nonprofit plans affordable housing development near Essex Crossing
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
From left: Kristen Gilibrand, U.S. senator for New York; Ritchie John Torres, U.S. representative for New York's 15th congressional district (Getty Images)
Lawmakers push for heat sensor mandate in wake of Bronx fire
Lawmakers push for heat sensor mandate in wake of Bronx fire
From left: Joseph Riever and Christopher Marte (Elizabeth Street Garden, New York City Campaign Finance Board)
After 10-year saga, judge’s delay keeps senior housing unbuilt
After 10-year saga, judge’s delay keeps senior housing unbuilt
East Hampton Town Supervisor Peter Van Scoyoc and 395 Pantigo Road in East Hampton (EHamptonNY.gov, Zillow, iStock)
East Hampton Town officials vow affordable housing action
East Hampton Town officials vow affordable housing action
Donald Capoccia, managing principal, BFC Partners along with a rendering of 475 Bay Street in Stapleton, Staten Island (BFC Partners/Photo Illustration by Steven Dilakian for The Real Deal)
BFC Partners closes on Staten Island dev site
BFC Partners closes on Staten Island dev site
Tech firms’ housing pledges coming up short
Tech firms’ housing pledges coming up short
Tech firms’ housing pledges coming up short
The housing portfolio with LIHC’s Andrew Gendron and Camber Property Group's Rick Gropper (LIHC Investment Group, CamberPG.com)
Investors nab East Harlem affordable housing portfolio for $68M
Investors nab East Harlem affordable housing portfolio for $68M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...