"Nearly half of New Yorkers say housing is their biggest economic challenge, and over three-quarters agree that housing costs have worsened. New York faces a statewide housing shortage of nearly 540,000 units, and analysis shows that failing to close this gap could result in the loss of up to 750,000 jobs and as much as $1 trillion in economic output for the tri-state region by 2035."
"For New Yorkers 75 and older, the supply of dedicated senior housing relative to the population is less than 5 percent, a figure far below that of New York's peer cities nationally. With older New Yorkers making up a larger share of the population than ever beforegrowing nearly 17 times faster than that of the City's populationthe need for affordable housing where they can age in place is more important than ever."
Most New Yorkers struggle to find and afford homes that match their needs across ages and incomes. Nearly half of New Yorkers say housing is their biggest economic challenge, and over three-quarters agree that housing costs have worsened. New York faces a statewide housing shortage of nearly 540,000 units, and analysis shows that failing to close this gap could result in the loss of up to 750,000 jobs and as much as $1 trillion in economic output for the tri-state region by 2035. Older adults face acute shortages and poverty, and families contend with high childcare costs.
Read at www.amny.com
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