#nyc-housing

#nyc-housing

Since 1960, New York has been in a state of housing emergency, meaning a vacancy rate of 5% or less; today the vacancy rate is 1.4%, which, in turn, has driven up housing costs higher than ever. According to Apartments.com, the average rent for an available studio apartment is around $3,270 per month. In 2021, 53% of households in the city were spending over 30% of their income on rent.

City Limits features upcoming housing and land use events, public hearings, and the approaching deadlines for affordable housing lotteries, enhancing community engagement and awareness.

This week, the NYC Housing Calendar outlines important hearings and clinics, including discussions on NYCHA security and tenant protections, emphasizing community engagement.