"As families leave, our school enrollment declines, our tax base erodes, and neighborhood stability crumbles. The article highlights the fact that median asking rent for family-sized apartments with three or more bedrooms is now nearly $5,000 a month. That's impossibly high for so many, including those who were born and raised here. As a result, families are leaving New York City at higher rates than other demographic groups and at a higher rate than families are leaving other major cities."
"New York City and housing Increasing the production of affordable housing has been one policy solution to address affordability broadly, but notably absent from this conversation is families. Government agencies and elected officials frame their success in terms of units built, and we are seeing policy aligned with that metric: the vast majority of new, taxpayer subsidized, as-of-right units are studio and one-bedroom apartments."
Families in New York City face steep increases in rent and a shortage of family-sized affordable units, making it difficult to raise children and put down roots. Median asking rent for three-plus-bedroom apartments is nearly $5,000 per month, pushing many families to leave or become severely rent-burdened. Family households are overrepresented among shelter residents, comprising roughly 70 percent of those in shelters with children. Affordable housing production emphasizes studios and one-bedrooms, leaving family housing needs unmet and contributing to enrollment declines, tax revenue loss, and neighborhood instability.
Read at www.amny.com
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