QUESTION
What are the vacancy rates for homeowners versus renters, and what details are available on rent-stabilized housing in New York City?
1:44:19
·
77 sec
Council member inquiries focus on homeowner vacancy rates, the affordability crisis, and specific details about rent-stabilized units in New York City.
- The council member questions differences in vacancy rates between homeowners and renters, and the affordability crisis within both groups.
- The specificity sought includes the number of rent-stabilized apartments vacant for over 12 months, and details on rental arrears data.
- Elyzabeth Gaumer, Chief Research Officer at HPD, confirms 1,700 rent-stabilized units priced below $1,500 are vacant for more than 12 months as of 2023.
- Discussions include a desire for disaggregated data on vacancies and rental arrears by factors such as rent regulation status and public housing vs. market rate.
Pierina Ana Sanchez
1:44:19
There are questions about the homeowner vacancy rate in the city of New York, so we see the, you know, we understand the rent or vacancy rate is high, but what about homeowners?
1:44:29
Are they in as much of an affordability crisis affordability and vacancy crisis is rental units?
1:44:36
There are questions about a disaggregation of vacant and unavailable units that are due to more than 2 reasons trying to understand that and what the most common combinations are is that is quite a large chunk of vacant and unavailable.
1:44:53
There's a question about breaking out rental arrears data.
1:44:57
In cross tabs by rent regulation status versus public housing versus market rate.
1:45:04
I already asked about breaking out rent stabilized the rent stabilized stock prior to 1974 and after 1974.
1:45:16
There's a question about what is the actual number of low rent apartments that are rent stabilized and have been vacant for more than 12 months, I think you may have answered that earlier.
Elyzabeth Gaumer
1:45:26
Yes, that was the we can't go down to a 1000, but below 1500, that's 1700 units in 2023.
Pierina Ana Sanchez
1:45:35
Thank you.