Will New York Finally Address the Housing Crisis?
New York has a proud legacy of offering refuge to newcomers hoping to make life better for themselves and their families. That hope is something we all share, and the promise of refuge has made our state what it is.
Rental prices soared to record levels in New York City in 2023. Right now, a family would have to earn at least $140,000 a year just to be able to afford the city’s median rent of $3,500. And this story goes well beyond New York City. Across the state, New Yorkers are struggling to keep a roof over their heads. 20 percent of New York State residents spend more than half of their…
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