New York beats most U.S. cities in housing its poor: OPINION

Big Apple is No. 4 in ranking of cities that offer highest percentage of affordable units

TRD NEW YORK /
May.May 12, 2014 02:50 PM

The rent may be too damn high, but the Big Apple is actually doing relatively well when it comes to housing its poorest citizens.

While New York City could hardly be called a bastion of affordability, the pricey place is actually doing better by the poor than most major American cities, according to Erin Carlyle’s recent article in Forbes. The Big Apple holds 43 units of affordable housing for every 100 extremely low income households — defined in New York as a family of four earning less than $24,900), according to an Urban Institute study cited by Carlyle. Across the nation, only 29 housing units are available on average for every 100 extremely-low income household.

Nearly 1 million of New York City’s 3.35 million housing units are rent-stabilized, and nearly 300,000 are subsidized or public housing, according to U.S. Census Data form the 2011 New York City Housing and Vacancy Survey, which Carlyle cites as the most recent and accurate survey of the city’s housing stock. Manhattan holds the second-highest stock of affordable and available housing for extremely-low income residents among the five boroughs, while Staten Island does even better with 47 units for every 100 low-income family.

Compared to other metropolitan areas nationwide, Manhattan’s New York County ranks fourth in terms of providing housing for its poorest citizens. Suffolk County, Mass. — home to Boston — does best with 50 affordable units poor 100 people, while the District of Columbia and Middlesex County, Mass., located northwest of Boston, come in second and third respectively. [Forbes]Julie Strickland


Related Articles

arrow_forward_ios
A rendering of 165 Broome Street (Credit: Handel Architects)

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

2790 West 5th Street in Coney Island (Credit: Google Maps)

Brooklyn man arrested for claiming to help victims buy Mitchell-Lama apartments

Mayor Bill de Blasio (Credit: Getty Images)

De Blasio warns of ‘bad landlords,’ admits affordable housing plan ‘is not enough’

Partnership for New York City CEO Kathryn Wylde, Dan Garodnick and Slate Property Group's David Schwartz (Credit: Getty Images)

Real estate pros call tenant takeover bill flawed

(Credit: iStock)

City’s basement apartment crackdown ramps up

 NYCHA CEO Gregory Russ and NYCHA houses (Credit: Minneapolis Public Housing Authority and Getty Images)

NYCHA head: Agency now needs $40B in repairs

Carl Heastie highlighted homelessness and housing affordability in remarks to open the 2020 session (Credit: Facebook, Getty Images)

Heastie drills down on homelessness, affordable housing

arrow_forward_ios
Loading...