Sentences with phrase «stock of affordable rental housing»

As you see some of that growth in the single - family market getting kind of transmitted over to multifamily, that's just putting greater pressure on household budgets and incomes, and the declining stock of affordable rental housing.

The city has $ 98 million in contracts out with such building owners, who ironically are chipping away at the stock of affordable rental housing by repurposing their buildings for temporary quarters for the city's homeless.

Not exact matches

New York City has a rental control system designed to prevent the wealthy from exploiting the poor (with mixed results) and many other places in the U.S. have affordable housing system that creates some stock of affordable priced, price controlled housing at the expense of developer who want to sell market priced housing.

«This growing trend (of short - term rentals) poses concerns for the City of New York — in particular, for our affordable housing stock and public safety,» the city's chief fiscal officer said in testimony he plans to submit before the City Council on Tuesday at a high - profile hearing on home - sharing.

«Strong demand for rental housing has opened up that segment to a new wave of capital investment, and the shortage of affordable housing in much of the country makes the stock of older homes an attractive option for buyers willing to in invest in upgrades.»

This dynamic, coupled with the low statewide rental vacancy rate of 1.5 percent, creates an extreme demand for affordable units at the low end of the market that isn't met by current rental housing stock.