"In New York City, rents are higher than ever, even as vacancy rates plummet. While housing insecurity extends citywide, students and youth are often at the forefront, as a record high of 154,000 students in New York City have experienced homelessness within the past school year. Almost 10 percent of all rental housing is considered overcrowded, and existing developments like NYCHA have suffered catastrophic damage from continued disrepair."
"This November, the future of affordable housing is at stake in New York City-and not just in the mayoral race. ( Zohran Mamdani, the Democratic nominee with a double-digit lead, has made affordability and a rent freeze for stabilized tenants the focus of his campaign.) Of the six proposals on the ballot, half of them tackle affordable housing."
Rents in New York City are at record highs while vacancy rates fall, increasing housing insecurity across the city. Students and youth face severe impacts, with a record 154,000 students experiencing homelessness over the past school year. Nearly 10 percent of rental units are overcrowded and public housing developments like NYCHA suffer catastrophic disrepair. Individual renters report medical emergencies and rising rents pushing them toward instability, and tenant organizers call for decommodified, permanently affordable homes. Three of six ballot proposals focus on affordable housing while elected officials and organizers disagree about their effectiveness; a leading mayoral candidate prioritizes affordability and a rent freeze for stabilized tenants.
Read at The Nation
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