1. Housing shortage in New York By: Sae Xilong (23), John Chiang (12), Melson Chang (19), Gabriel Ng (5), Ian Tay (10),

2. The Situation

3. In 2005-2013… Rent 11% Income 2%

4. Government has 6 Billion Backlog in Capital Repairs

5. People Paying 50% or More of Income 6.7 Million In 10 years

6. Why is this caused?

7. Cosmopolitan City Migration is high Building regulations mean new homes are slower to materialize DemandSupply Overall costs will increase

8. Problems?

9. There are 200,000 people 50,000 vacancies That’s a 4:1 ratio!

10. 100,000 families Housing Choice vouchers

11. More unhappiness $$$ More money spent on homes, less on other sectors (e.g. education, military) Social unrest

12. So what has been done?

13. My Micro NY decides to make The de Blasio* program aims to have… 120,000 80,000 *De Blasio is the surname of the mayor. Current and new houses to be subsidized Smaller!

14. Sources http://www.nytimes.com/2014/02/08/opinion/new-yorks-affordable-housing-shortage.html http://www.economist.com/news/united-states/21601833-bill-de-blasios-plan-cheap-homes-rests-shaky-foundations-gimme- shelter http://www.economist.com/news/united-states/21601833-bill-de-blasios-plan-cheap-homes-rests-shaky-foundations-gimme- shelter http://www.forbes.com/sites/joelkotkin/2013/07/26/americas-emerging-housing-crisis/ http://furmancenter.org/nychousing/10issues http://thinkprogress.org/politics/2013/07/25/2353751/five-new-york-issues/ http://www.nysenate.gov/issues-list http://www.forbes.com/sites/morganbrennan/2012/09/05/surprise-some-cities-are-actually-experiencing-housing-shortages/ http://blogs-images.forbes.com/morganbrennan/files/2012/09/400x1.jpg The one and only textbook http://money.cnn.com/2015/02/27/real_estate/microapartments-new-york/ http://nextcity.org/features/view/new-york-city-affordable-rent-affordable-housing-de-blasio-alicia-glen

15. Thank you!!!