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Decades-old policies have led to a deepening shortage of housing units, particularly for low- and middle-income households.
Writing for New York 1, Emily Ngo highlights the shortage of housing, particularly on the lower end of the market, that is squeezing New York City renters. “In an interconnected New York, market forces and policy, profit and politics all play a role in creating this crisis of affordability, at the root of which is supply not meeting demand.”
“In Manhattan, the average rent was $4,094 in August 2021, but it rose to $5,246 by this past August, according to a Douglas Elliman report.”
Ngo points out that the city’s population growth is quickly outpacing predictions. “About 560,000 apartments must be built by 2030 to accommodate population growth, according to a Real Estate Board of New York report.” Meanwhile, efforts to convert the city’s vacant hotel rooms to housing have failed to add to the city’s housing stock.
FULL STORY: At the root of NYC's housing crisis, a decades-long problem of supply not meeting demand
Report: Las Vegas, Houston Top List of Least Affordable Cities
The report assesses the availability of affordable rental units for low-income households.
Report: DC Needs ‘Immense’ Funding Increase to Address Housing Crisis
Close to 60,000 District households can’t afford their housing costs, according to research from the Urban Institute.
New York Launches New Housing Financing Initiative
The program is aimed at supporting housing projects with 70 percent or more affordable units.
New Florida Law Curbs HOA Power
The legislation seeks to cut down on ‘absurd’ citations for low-level violations.
New Tennessee Law Allows No-Cost Incentives for Affordable Housing
Local governments in the Volunteer State can now offer developers incentives like increased density, lower parking requirements, and priority permitting for affordable housing projects.
Planners’ Complicity in Excessive Traffic Deaths
Professor Wes Marshall’s provocatively-titled new book, "Killed by a Traffic Engineer," has stimulated fierce debates. Are his criticisms justified? Let’s examine the degree that traffic engineers contribute to avoidable traffic deaths.
Study: Housing Crisis is About Affordability, not Supply
New research shows that there is no overall shortage of housing units, but all U.S. metropolitan areas face a severe lack of affordable units for low-income renters.
Are Race-Based Lawsuits Affecting Community Lenders?
Shelterforce spoke with community lending leaders and experts about the current mood across the sector. What, if anything, are organizations doing to avoid becoming the next target of conservative activists?
New Park Promotes Community and Connectivity in Lewisville, Texas
The city of Lewisville just celebrated the opening of Glory Park/Parque la Gloria, helping to improve park access and the quality of life for residents.
City of Madera
City of Santa Clarita
Borough of Carlisle
HUD's Office of Policy Development and Research
Chaddick Institute at DePaul University
HUD's Office of Policy Development and Research
Colorado Energy Office
Pima County Community College District
City of Piedmont, CA
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