New York City is facing a housing emergency with a citywide vacancy rate of 1.4%, the tightest market in over 50 years. The city's housing crisis is leading to rent burden for many New Yorkers. The need for affordable housing production is urgent, but the agency responsible is falling short due to high staff turnover and bottlenecks. Broker's fees are rising along with rents, making moves more difficult. There are calls for action from the State to address the housing affordability crisis. Governor Kathy Hochul emphasizes the need to build more housing to solve the crisis. The housing situation has also led to the formation of the Renters Caucus to prioritize the housing crisis and pass the Rent Relief Act to provide direct monthly payments to renters.
Latest NYC housing corruption is just the tip of the iceberg for city gov’t https://t.co/v21ft8pfNX https://t.co/DNovhO0xEN
5️⃣0️⃣% of American renters can't afford their rent—this is unacceptable. I founded the #RentersCaucus because it's beyond time to make the housing crisis a priority. The first step: Passing the Rent Relief Act to send direct monthly payments to renters. https://t.co/nxQoF0NXDd
There’s only one solution to New York City’s housing crisis: Build. More. Housing.
Broker fees are breaking NYC housing, all thanks to leftist Dems https://t.co/MfkvAAJ6nC https://t.co/bCm42Ucbdp
As affordable housing dwindles in New York City, broker’s fees are rising along with rents, making moves more difficult and dependent on upfront cash, in a sector where laws and regulations remain cloudy. Read more: https://t.co/cMCoDgbqLn https://t.co/7ZybavjIoE
“Nobody wants to live there anymore. It’s too crowded.” #NYC 💕 https://t.co/BQPSozpfrX https://t.co/f3NDmqZhnc
NYC can’t get out of its housing affordability crisis without action from the State. It’s time to push hard now for a major package of pro-housing and pro-tenant policies in Albany. https://t.co/JP5F3EA0Uj
My latest report finds that @NYCHousing needs to seriously increase the pace of affordable housing production if we want to confront our city’s housing crisis. Right now, the agency is falling short due to high staff turnover and longstanding bottlenecks. https://t.co/grVAig2gAU
Housing Is Unaffordable... Dems Want To Make It Worse! https://t.co/wOstdVxbWc
New York City’s Housing Crunch Is the Worst It Has Been in Over 50 Years https://t.co/vL8txulDqN
With a housing vacancy rate of 1.4 percent, it is no wonder why so many New Yorkers are rent burdened. We can do something about it, this year, with #CityofYes for Housing Opportunity. https://t.co/xsHITwvetr
NEW: New York City is in a certified housing emergency, w/ a citywide vacancy rate of 1.4% for rentals - the tightest market in more than 50 years, @JanakiChadha reports: https://t.co/iEOTd4G6co