Without the ability to build more housing, Manhattan and other inner core areas will continue to become more and more expensive, increasing already enormous pressures on existing affordable and rent stabilized housing, pressure that has a ripple effect on the rest of New York City and the region as a whole.īuilding more housing is important, but equally important is making sure we build in a smart and equitable way. RPA forecasts show that New York City has the potential to add a million people by 2040. And without real action it will only get worse. Overcrowding rose 20% in the six years between 20, and more than 30% of renters pay more their half of their income in rents.
Homelessness has almost doubled in the last 10 years.
