Housing

FPI’s New Report Highlights the Unequal State of New York

For Immediate Release: December 6, 2019 Media Contact: communications@fiscalpolicy.org, 518-786-3156 The Unequal State of New York The Majority of Income is Captured by the Fewest New Yorkers Read the report: The Unequal State of New York click here. (Albany, NY) The Fiscal Policy Institute reports that New York State has the most unequal income distribution in the nation, with the fewest people capturing the greatest share. Not since the “Gilded Age” of the 1920s has our state seen such a vast divide between the highest- and [...]

2024-12-18T12:24:38-05:00December 6th, 2019|Housing, Labor Market & Workforce, Press Releases, Reports, Briefs and Presentations, Social Policy|
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With “rent burdens” on the rise, advocates urge changes to state laws

May 1, 2019. This article looks at the problem of rent burdens in the Rochester area in advance of the NYS Assembly hearing on May 10. The article highlighted the disparities "2 out of 5 renters -- and 60% of minorities -- in the Rochester area are rent-burdened. Others upstate cities face similar numbers, but Rochester’s are the highest." A recent study by the nonpartisan Fiscal Policy Institute says nearly half of New York renters are “rent-burdened. Ron Deutsch, the group’s executive director, said housing – not [...]

2024-12-18T12:24:40-05:00May 1st, 2019|FPI in the News, Housing|
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Report: Nearly Half of New York Renting Families Are Rent-Burdened

April 29, 2019. Families should pay no more than 30 percent of their income for rent according to housing advocates. Many public agencies set their support levels to meet this standard. Unfortunately, we find that across New York State, and in some of its major cities, significant shares of families are paying more than 30 percent of their income in rent. This is especially true among families of color. Severe rent burdens can badly reduce families’ ability to pay for other important expenses, such as food or [...]

2024-12-18T12:24:40-05:00April 29th, 2019|Housing, Reports, Briefs and Presentations, Social Policy|
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Press Release: Families Lack Affordable Housing Statewide, Rent burdens leave families and communities without a firm foundation

For Immediate Release: April 29, 2019 Media Contact: communications@fiscalpolicy.org, 518-786-3156 (Albany, NY) Today the Fiscal Policy Institute released a new report “Nearly Half of New York Renters Are Rent Burdened” (add link) showing a majority of renting families statewide are “rent-burdened” meaning that they pay over the recommended standard of 30% of their income in rent – and for families of color that percentage climbs even higher. FPI cautions that the effects of rent burdens hurt families, local communities, and the state. With the state [...]

2024-12-18T12:24:40-05:00April 29th, 2019|Housing, Press Releases, Social Policy|
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The rent is too high! Rochester housing advocates rally for rent reforms

April 11, 2019. This article covered a demonstration highlighting local support for rent regulation by the Rochester Housing Coalition, members of the City-Wide Tenant Union, the Rochester Homeless Union, VOCAL-NY, House of Mercy, and St. Joseph's House of Hospitality participated in the event, which began at the Liberty Pole and ended at the former Hotel Cadillac, where numerous low-income tenants were evicted last year so building owners DHD Ventures could renovate the property. Legislation has been introduced in Albany that strengthen tenant protections  allow cities across the [...]

2024-12-18T12:24:40-05:00April 12th, 2019|FPI in the News, Housing|
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Rod Watson: Report Underscores Need to Mandate Affordable Housing

The analysis from the Fiscal Policy Institute, based on Census Bureau data, looks at affordability in the state’s six largest cities. It shows that 38 percent of Buffalo’s renters spend more than 30 percent of their income on housing, with a quarter of the city’s renters spending more than 40 percent. The federal government sets 30 percent as the upper limit for housing that’s deemed "affordable," meaning more than a third of Buffalo’s residents can’t really afford the rental housing they are living in. That [...]

2024-12-18T12:26:13-05:00April 19th, 2018|FPI in the News, Housing, Social Policy|
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New York’s Rent Affordability Crisis Hits Families of Color the Hardest

The United States and New York are in the midst of an affordable housing crisis. Nearly 11 million American households pay over half of their income in rent despite the fact that the Department of Housing and Urban Development (HUD) defines “affordable housing” as housing costing below 30 percent of a family’s income for rent. If a family pays more than 30 percent of their income on rent, they are considered “rent burdened.” In New York State, the affordable housing crisis is particularly severe, especially [...]

2024-12-18T12:26:14-05:00April 11th, 2018|Blog, Fact Sheets, Housing, Social Policy|
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