PRESENTATION
Causes of NYC's housing shortage and uneven development
0:22:47
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58 sec
Garodnick explains the root causes of New York City's housing shortage, highlighting insufficient housing production, changing household demographics, and restrictive zoning rules. He also points out the uneven distribution of new housing across the city.
- New York City has not built enough housing for decades, lagging behind other major metropolitan areas
- The average household size is declining, requiring more homes to house the same number of people
- Restrictive zoning rules have limited the number and types of homes that can be built
- New housing has been concentrated in just a few neighborhoods, with 10 community districts producing as much housing as the other 49 combined
Daniel Garodnick
0:22:47
Why is this happening?
0:22:48
Well, New York City has not built enough housing for decades.
0:22:52
We're creating far less housing than we used to and less than other major metropolitan areas.
0:22:58
At the same time, our average household size is declining.
0:23:01
So you actually need more homes to house even the same number of people.
0:23:08
And at least insignificant part, this shortage is due to restrictive zoning rules that limit the number and types of homes that can be built.
0:23:18
Next slide.
0:23:21
Of note, new housing in recent years has been concentrated primarily in just a few neighborhoods.
0:23:28
Some neighborhoods have created virtually 0.
0:23:31
New housing This puts additional pressure on just a few parts of the city to produce almost all new housing.
0:23:37
You know, we have 59 community districts.
0:23:39
Last year, 10 of them produced as much housing as the other 49 combined.
0:23:44
Next slide.
