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TESTIMONY

Joy Goldberg on the affordability gap in NYC's housing market and concerns about the City of Yes initiative

6:37:53

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3 min

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Joy Goldberg, a Brooklyn resident, testifies about the severe affordability crisis in New York City's housing market, citing statistics that show a significant gap between median renter income and the income required to afford typical apartments. She questions the effectiveness of current affordable housing initiatives and expresses skepticism about the City of Yes rezoning proposal.

  • Presents data showing NYC renters need to earn $119,120 to afford median-priced apartments, while the median renter household income is only $67,358
  • Criticizes the income requirements for 'affordable' housing listings on Housing Connect, which often start at 130% of the Area Median Income (AMI)
  • Raises concerns about who will truly benefit from the City of Yes initiative, suggesting it may favor 'lesser rich' rather than those most in need

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