An annual count of the city’s unsheltered population showed a 40 percent increase in homeless people on city streets, despite the efforts of the de Blasio administration to curb the rising rate of homelessness.
There were 3,892 people homeless and unsheltered in 2017, according to the estimate conducted in February, up from 2,794 last winter. It was the largest number since 2005, when the city first began estimating the unsheltered population.
Mayor Bill de Blasio has grappled with a homelessness crisis throughout his mayoralty, calling it the “number one frustration” of his tenure, while promising new resources and facilities to house the homeless, after the city struggled to keep pace early in his administration. Read more
In many of the neighborhoods targeted by the de Blasio administration for a rezoning, rising levels of rent are occurring simultaneous to increases in poverty in certain census tracts—creating a complicated picture, where the threats of gentrification are felt equally alongside the pains of deprivation. According to the report, released in conjunction with the 2016 State of New York City Housing and Neighborhoods Report, in the 2011-2015 span, 20.6 percent of New Yorkers lived in poverty—up from 2006-2010, when 19.1 percent of New Yorkers were considered impoverished. A family of two adults and two children is considered below the poverty line if their annual income is less than $24,036. Read more
May’s rental transactions of $15,000 or higher more than doubled compared to last year.
An influx of new development rentals, and a large number of new leases signed over $15,000, pushed median rental prices up in Manhattan this May according to Douglas Elliman’s monthly market report tracking rental prices in the borough as well as Brooklyn and Queens. In Manhattan, May’s median rental price increased 2.2 percent from last year to $3,475, while the average rental price rose 4.4 percent, to $4,208. Jonathan Miller, author of the report, explains that the only reason for that price bump “is that there was simply a lot more new development rental product in the mix.” Read more