"During Cuomo's tenure as governor from 2011 to 2021, the median home sale prices in New York City surged by 77%, reflecting a stark increase in housing costs."
"Myrie asserts that the significant increase in home sale prices and rents under Cuomo's administration is indicative of a larger housing crisis that needs urgent addressing."
A report from state Senator Zellnor Myrie reveals that median home sale prices in New York have soared more than 75% since 2011, with Brooklyn experiencing a staggering 104% increase. Myrie criticizes former Governor Andrew Cuomo for neglecting to tackle the housing affordability crisis during his decade-long tenure, during which prices rose 77% and rents increased by 52%. He argues that the growing shelter populationâup 41%âis part of Cuomoâs failed legacy as mayoral candidate Myrie campaigns for change in leadership.
Read at Brooklyn Eagle
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