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The New York State Division of Housing and Community Renewal ( DHCR) is an agency of the New York state government [1] responsible for administering housing and community development programs to promote affordable housing, community revitalization, and economic growth. Its primary functions include supervising rent regulations through the State ...
The housing shortage in New York is driven by a lack of housing supply. Home construction in New York City lags far behind other major American cities. [4] From 2010 20 2023, housing supply in the city increased by 4% while jobs increased by 22%. [4] Restrictive zoning regulations are a key contributor to the undersupply of housing, as zoning ...
The report's key figure, the "Housing Wage," reveals the hourly earnings necessary for full-time workers to afford fair market rental homes without exceeding 30% of their incomes. Nationally, the 2023 Housing Wage is $28.58 per hour for a modest two-bedroom home and $23.67 per hour for a one-bedroom home.
Abundant New York is already making moves. Abundant New York is the electoral arm of Open New York, a nonprofit group formed in 2016 that advocates for more housing development in the city. Not ...
Emily Barnes, New York State Team. June 28, 2024 at 6:11 AM. Affordable housing providers and tenants are now better protected from insurance discrimination in New York. In an announcement earlier ...
Section 8 of the Housing Act of 1937 ( 42 U.S.C. § 1437f ), commonly known as Section 8, provides rental housing assistance to low-income households in the United States by paying private landlords on behalf of these tenants. Approximately 68% of this assistance benefits seniors, children, and individuals with disabilities. [1]
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