Mayor Bill de Blasio’s Housing New York plan has built or preserved more than 87,500 affordable housing units since 2014, but the city remains in the midst of an affordable housing crisis.
Now, a new analysis released by the Association for Neighborhood and Housing Development (ANHD) highlights neighborhoods across all five boroughs where the risk of displacement is rapidly growing, while also ranking the factors that are threatening affordable housing in each area.
According to the chart, “the city is losing affordable rent-stabilized units at a rapid rate” and the problem is particularly bad in certain neighborhoods. Between 2015 and 2016, Astoria lost a whopping 634 rent-stabilized units—the highest amount in the city—with rapidly gentrifying neighborhoods like Central Harlem (which lost 500 units) and Bed-Stuy (which lost 460 units) right behind it.
With the city-backed Low-Income Housing Tax Credit due to expire in the next few years, Astoria and Central Harlem could each potentially lose another 1,000 affordable units.
The chart also points to overdevelopment in certain neighborhoods as one of the driving factors in the loss of affordability. Other indicators that are a threat to affordability include evictions, percent changes in price per square foot, and the rise in flipped homes.
”The data presented by ANHD highlights the critical need to protect and preserve existing affordable housing. Low-income residents of East Harlem, Central Harlem, and neighborhoods throughout the city are increasingly at-risk of losing their homes and being uprooted from their communities,” said Chris Cirillo, Executive Director at Ascendant Neighborhood Development Corporation, a development organization dedicated to maintaining affordability in Harlem.
You can find the full chart here, along with intel on how to dissect its findings for your neighborhood.