PRESENTATION
Statistical evidence of NYC's housing shortage and its impacts
0:22:14
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31 sec
Garodnick presents compelling statistics to illustrate the severity of New York City's housing crisis, focusing on vacancy rates, rent burden, and homelessness. These figures provide a clear picture of the challenges faced by residents.
- The apartment vacancy rate is reported at 1.41%, the lowest since 1968
- Over 50% of renters are rent-burdened, spending more than 30% of their gross income on rent
- There were 92,879 homeless New Yorkers at the end of the previous year, with about a third being children
- The average stay in the city's shelter system is 520 days (about a year and a half)
Daniel Garodnick
0:22:14
Apartment vacancy rate is 1.41%.
0:22:17
That's the lowest since 1968.
0:22:19
Over 50% of our renters are rent burdened, meaning that they spend more than 30% of their income on rent.
0:22:25
I will note that is their gross income.
0:22:27
Still have to pay taxes.
0:22:29
They're worth 92,879 homeless New Yorkers measured at the end of last year.
0:22:35
About a third of them were kids.
0:22:38
And I will note that the average stay in the city's shelter system is of 520 days, about a year and a half.
0:22:44
Next slide.
