Shrinking Affordability

As the number of neighborhoods where the working poor can afford to live contracts, the expansive privately owned rent stabilized multifamily housing stock of the west Bronx has become the last option for many struggling families.

While the rents in the west Bronx corridor are among the lowest in the city, they are still barely affordable to neighborhood residents who often pay more than half their income on rent.

UNHP presented research from the report Shrinking Affordability on a number of housing and demographic indicators, and discussed effective tools to help improve the quality of the housing stock and retaining some level of affordability on a large scale. Panelists at the forum representing the private, public, and nonprofit sectors responded to this timely and pertinent presentation.