New York City Affordable Housing

Affordable housing in New York City has been on a declining trend for years. In 2021, the shortage of affordable housing in the city has reached a point of crisis, with almost every income group across the five boroughs facing negative effects of high rent-burden. This paper closely examines the history of the New York City Affordable Housing System and provides an in-depth analysis of the performance of the current Affordable Housing scheme through average family income and Area Median Income (AMI), Housing Availability, and Affordable Housing Application Density & Wait Times. Ultimately, this gives for a holistic study the efficiency of the Affordable Housing System while addressing its potential drawbacks