Nearly half of all New York renters burdened by housing cost

May 2, 2019. The article makes the impact of rent burdens clear across the state. Locally, “Nearly half of all minority renter households in Albany, and 35 percent of white, non-Hispanic renters are rent-burdened, according to a report published by the left-leaning Fiscal Policy Institute. Across New York state, 46 percent of all families pay over 30 percent of their income on rent, and a quarter of all families pay over 50 percent of their income on rent. In Albany, 27 percent of all minority families — defined as Hispanic, Asian and African-American — spend over half their incomes on rent.”

The FPI report makes policy recommendations like stimulating the production of affordable housing across the state, as well as exploring rent regulation reforms that would strengthen tenant rights and eviction protection.

Read the article.

Read FPI’s report. 

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