"We have a hemorrhaging of Black and brown families leaving New York because it's no longer affordable," Adams said. "We've decimated the middle class and we need to refocus our attention on stabilizing these families."
Vacancy rates for affordable units below $2,400 a month are low, exacerbating the shortage of suitable housing options for families in need of larger living spaces. "It sounds really great to maximize the number of [affordable] units that you build, but oftentimes you do that at the expense of two- and three-bedroom apartments," said City Council member Eric Dinowitz.
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