NYCHA’s Outsized Role in Housing New York’s Poorest Households
This fact brief by the NYU Furman Center outlines the critical role the New York City Housing Authority (NYCHA) plays in providing stable housing for the city’s poorest households. In 2017 over 60 percent of the roughly 174,000 households in NYCHA’s public housing developments earned 30 percent of Area Median Income (AMI) or less. That translates to just $28,600 annually for a family of four. These households would have few housing options in New York City without the affordability offered in public housing. Read NYCHA’s Outsized Role in Housing New York’s Poorest Households.
As the largest landlord in New York, NYCHA units represent almost six percent of all occupied housing citywide, and almost nine percent of all occupied rental housing. The city’s public housing provides shelter to substantially more households than any other place-based housing assistance program in the city, including housing developed through the Low-Income Tax Credit program, which has been the major source of affordable housing production for the past three decades.