Tag: Waterfront District Development

The Bronx Leads New York State With Residents Paying The Highest Percentage Of Income For Rent: Illustrates Affordable Housing Crisis Further

New York State Comptroller, Tom DiNapoli released a report today which tells us what we already knew in the Bronx: That there is an affordable housing crisis in our borough.

According to the report, “Incomes and housing costs vary regionally statewide and are generally higher in the New York City metropolitan area, although housing affordability is a statewide challenge. Bronx County, for example, had the highest proportion of renters with housing costs of 30 percent or more of income in 2012, at nearly 58 percent.”

It’s no secret that Bronxites are struggling to make ends meet and even though the Bronx saw some of the highest numbers of new construction affordable housing units in the city, rising rents and stagnant income are keeping many of our residents in a perpetual cycle of poverty.