QUESTION
Where are high-earning newcomers moving to in New York City?
0:51:37
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43 sec
The NYC Department of Housing Preservation and Development (HPD) is analyzing data for geographic detail on where newcomers earning over $200,000 annually are moving but has yet to share specific findings.
- HPD's initial report focuses on citywide conditions and the need for rent stabilization and rent control.
- The department promises to provide more geographic-specific data in the coming weeks.
- The question asked by Council Member Pierina Ana Sanchez seeks information about the residential preferences of New York City's high-earning newcomers.
Pierina Ana Sanchez
0:51:37
And do we does HPD can HPD share anything about the geography of where the newest New Yorkers, those that are earning?
0:51:45
You mentioned above $200,000 per year, where they are moving to?
Elyzabeth Gaumer
0:51:49
Sure.
0:51:50
So this obviously is our initial findings report.
0:51:54
As you've experienced in the past, we continue to cut the data in various ways.
0:51:59
Over the coming weeks months.
0:52:00
That includes looking at greater geographic granularity than what we've presented in the report.
0:52:05
This select initial findings really focuses on our city wide conditions and the need for any rent stabilization and rent control.
0:52:14
But we're happy to share some more additional geographic as well as other data analysis as we get to it in the coming weeks.