1. Affordable Housing
What is affordable housing?

2. Affordable Housing Housing that is affordable!
What does affordable mean?
What percent of your income is spent on rent?
10%?
30%?
50%?
70%?

3. Affordable Housing
10%?
30%? - The US government says that affordable housing is any housing where families spend no more than 30% of their household income on
50%?
70%?

4. Affordable Housing
Area Median Income – the middle of the income distribution in a particular area. For NYC, it is the five boroughs
$5,000,000
$4,000,000
$1,000,000
$200,000
$100,000
$50,000
$30,000
$20,000
$15,000
$10,000
$5,000
The current area median income in NYC for a family of four is $86,300.

5. How to Find Affordable Housing
Section 8 voucher
Provides assistance to eligible low- and moderate-income families to rent housing in the private market. Eligibility for this program is based on a family's gross annual income and family size.

6. How to Find Affordable Housing
Where to get Section 8 voucher?
New York City Housing Authority – NYCHA
New York City Housing Preservation & Development – HPD
New York State Homes and Community Renewal – HCR

7. Types of Affordable Homes
NYCHA Public Housing – rental
Mitchell Lama – rental and cooperative housing
Private homes/buildings - rental

8. Rent Regulation
Rent Control
Rent Stabilized

9. Rent Regulation
Rent Control Tenants are protected from rent increases and eviction without just cause. There are currently fewer than 40,000 rent controlled units in NYC.

10. Rent Regulation
Rent Stabilized A set of laws providing rent and eviction projections to 2.5 million tenants who live in privately owned apartment buildings in NYC and surrounding suburban counties. Rent can only increase a small percentage each year.

11. Rent Regulation Year 1970 1981 1991 2002 2011 Rent-controlled
1,328,000
285,555
124,411
59,324
38,374
Rent-stabilized
350,000
952,832
1,010,584
1,042,397
986,840