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The New York State Division of Housing and Community Renewal (DHCR) is an agency of the New York state government [1] responsible for administering housing and community development programs to promote affordable housing, community revitalization, and economic growth. Its primary functions include supervising rent regulations through the State ...
Several federal and state initiatives have targeted this problem, but have failed to provide enough affordable, inclusive, and sustainable housing for New York City residents. The demand for affordable housing in New York City remains high: 2.5 million applications were submitted for 2,600 available affordable apartments in 2016. [63]
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Median gross rent by state from 2015 to 2019 American Community Survey estimates published by the U.S. Census Bureau. [1] States with median gross rents higher than the United States average are in dark green. The 20-story John F. Hylan Houses in the Bushwick neighborhood of Brooklyn, New York City.
In major cities such as Los Angeles, rent is falling during the COVID-19 pandemic. But in suburban markets such as the Inland Empire, rent is rising fast.
Currently, the vouchers distributed through THA — which are based on HUD’s Fair Market Rent (FMR) calculations — are worth an average of nearly $900 a month, Thompson said.